December 6, 2021

PwC

EY Poaches Someone From PwC and Issues a Press Release, Part VII

Rebecca Rennison recently entered the Big 4 transfer portal as a director at PwC UK and exited as a partner at EY. EY recently announced Rennison and Richard Pulford as its most recent senior hires in the firm’s Manchester corporate finance team, according to Insider Media: Rebecca Rennison also joins EY with more than 20 […]

Big 4 Item of the Week on eBay: PwC Stamps

Looking to buy PwC Global Chairman Bob Moritz a gift for the holidays? We have two ideas for you from eBay: An autographed 8-inch by 10-inch photo of Bebe Rexha because BoMo is apparently a big fan. A full sheet of stamps from 2005 commemorating PwC’s 85th year in Uruguay. Here’s what the stamps look […]

It’s True: PwC Had a Nearly Flawless 2020 PCAOB Inspection Report

The PCAOB blessed us this morning with its first batch of 2020 inspection reports, which included BDO USA, Deloitte, EY, Grant Thornton, KPMG, and the highly anticipated one for PwC. Back in August PwC released its 2021 audit quality report, which included a lot of bragging about how much more competent P. Dubs’ auditors have […]

We Now Know the Buyer of PwC’s Global Mobility Services Business

After months of rumors and speculation online about whether or not PwC was selling its global mobility services business and, if so, to whom, we now have answers to both questions: Yes and private equity firm Clayton, Dubilier & Rice. Here’s the press release that just hit our inbox: Clayton, Dubilier & Rice and PwC […]

Big 4 Item of the Week on eBay: Price Waterhouse Portfolio Briefcase

Attention PwCers in St. Louis: Be the envy of your office with this retro Price Waterhouse (sans Coopers) dark brown leather portfolio briefcase. It has the Gateway Arch on it and everything. Imagine yourself rocking this pre-owned briefcase at the client site or at the office’s next pizza party. Here are some pics from the […]

[UPDATED] PwC Australia Diversity and Inclusion Manager Who Mocked Chinese Accents Had to Be Told You Aren’t Supposed to Mock Chinese Accents

[Updated original post from Sept. 28 with additional information on PwC Australia’s internal investigation. Update is at the bottom of this article.] Australian Financial Review has a blockbuster of an exclusive this morning, one that involves “a human resources executive dressed as a bat from Wuhan” and a senior manager of diversity and inclusion mocking […]

Paying People More Will Not Win the Talent War, Says PwC India Leader Adamantly Opposed to Paying People More

From the moment ‘Generation Y’ entered the workforce at the turn of the century, the business leaders, politicians, and academics who came before us have been suffering from endless anguish over our alleged lack of loyalty and our pesky desire to find fulfillment in life beyond work. Many of us watched our parents give their […]

PwC Hits $45 Billion In Global Revenue In ‘New Equation’-less FY 2021

The FY 2021 numbers are in at PwC and global revenue rose 4.9% to $45.1 billion for the year ending June 30. Hey, nice job, everyone. And as you’d expect, Bob Mortiz is #PwCProud: “I’m tremendously proud of all we achieved in a challenging year, and the way we did it, leading with our values […]

EY Poaches Someone From PwC and Issues a Press Release, Part VI

We have some Big 4-on-Big 4 poaching action in America’s Hat, as EY of the Canadian variety recently nabbed a partner from PwC. A new partner in EY’s Financial Services practice, Biswajit Das bends over backwards to provide CIO and COO advisory services for the Big 6 banks, insurance players, asset management firms, and large […]

PwC Just Announced That You Never Have To Go Back To the Office If You Don’t Want To (Sorta)

Big news today! PwC just announced that effective November 1, its people will need to be fully vaccinated against COVID-19 in order to access PwC facilities and client sites. Deloitte announced a similar vaccination policy toward the end of August, as did KPMG, just a handful of days before President Biden announced the country’s own […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part XVI

It looks like the hot spots for Big 4-on-Big 4 poaching lately are the U.K. and Australia, where KPMG Down Under recently made champagne wishes and caviar dreams come true for one PwC managing director. Australian Financial Review reported: Sally Torgoman, 38, has joined KPMG as a partner in the firm’s infrastructure business. Ms Torgoman was […]

PwC Probably Won’t Be Including Ex-Audit Partner’s PCAOB Fine In Trust Solutions Marketing Materials Anytime Soon

July 1, 2014 was a big day for Sarah Martin, as she was one of 180 chosen ones who were admitted to the partnership by PwC. On that day the Richmond, VA-based Martin became a partner in assurance, which along with tax now falls under the Trust Solutions umbrella at P. Dubs. Now fast-forward seven […]

Non-PwCer Totally Confused About What PwC Trust Solutions Really Is

A thread today on Fishbowl: That’s what PwC gets for giving its assurance and tax segments a dumb new name. This is from the same firm that gave the world Strategy&. That was and still is a dumb name. It’s like they do it on purpose. Related articles: PwC Is a Name You Can Trust […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part XV

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to the largest country in South America where Carlos Augusto da Rosa Gomes recently left PwC in Brazil for the bluer pastures of KPMG. He announced his new home away from home on LinkedIn earlier this month: KPMG is Carlos’s third […]

Compensation Watch ’21: How ’Bout Them Raises At PwC? (NEW UPDATE)

(Updated original post on July 8 with a comparison of average raise percentages per promotion from 2020 and 2016.) PwCers expected really good raises this year. They trust that management would make that happen, given that PwC U.S. had record-setting revenue of $18 billion last year during a global pandemic. Last year PwCers had to […]

In Honor of Labor Day, Here’s a Guy Who Would Take a Bullet for PwC

Y’all think he makes a Facebook post like this on his wedding anniversary? Nah, me neither.

PwC Might Do Something No Other Big 4 Firm Has Ever Done Before

After years and years of PCAOB inspections of the Big 4 in which the percentage of audits of public companies that weren’t up to snuff have been in the 30s, 40s, and even 50s, we finally had a respectable audit report card earlier this year when Deloitte nearly had a single-digit deficiency rate in its […]

PwC Manager Believes Associates and Senior Associates Are Going the Way of the Dodo Bird

Hey, I don’t know if you’ve heard but there’s a pipeline problem in public accounting right now. Seems some people finally got the memo that long hours and low pay isn’t worth the prestige of putting “worked at [INSERT BIG 4 FIRM NAME]” on their resumes anymore. And then there’s that other problem: those who […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part V

Not in Australia this time around. In today edition of “Big 4-on-Big 4 Poaching From Around the World,” we head across the Atlantic where the Queen’s Deloitte has nabbed a longtime PwCer and magically turned her into a partner: Deloitte in the UK has hired Kanika Mehta as their latest Partner to join their Transaction Services team, after […]

So How Much Did PwC U.K. Partners Rake In This Year?

Ferrari, Aston Martin, McLaren, Jaguar, and Mercedes-Benz dealerships in and around London probably have been bustling more than usual lately, and here’s why: PwC’s UK partners took home record pay this year after the firm’s profits rose by a quarter to a fresh high of almost £1.2bn on the boom in corporate dealmaking. Average profit […]

[UPDATED] PwC Delays Its Reopening Plan to Mid-Pumpkin Spice Latte Season, Mulls a Vaccine Mandate

News on the wire today is that PwC is pushing back its plan to get everyone back in the office, which had been tentatively planned for some time in mid-September but, well, y’all know how that’s been going. And by “the wire” we mean Reddit, which is generally a decent source for accounting news because […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part IV

Yesterday we told you about the big poaching spree by Deloitte Australia, as the firm recently added six new partners to its risk advisory business. Most of that kontingent is komprised of soon-to-be former KPMGers who will officially join Deloitte in October. But another one of the six came from P to the W to […]

Female PwC Employee Claims In Farewell Email She Was Fired Today For Calling Out Discrimination

A tipster sent us a link to a post on r/accounting that is generating quite the discussion this evening. In a goodbye email to her colleagues on Monday, a foreign-born Black woman who worked at PwC alleges she was discriminated against and denied a promotion three times because of her race, gender, and national origin. […]

Judge Sides with PwC In Whistleblower’s Retaliation Lawsuit

The cards are usually stacked against former Big 4 employees who take one of the firms to court, whether it’s over harassment, discrimination, retaliation, or unfair termination, because of the firms’ army of lawyers and their no-holds-barred approach to winning. Ex-PwC auditor Mauro Botta knew he faced an uphill battle trying to convince a judge […]

Thanks to Employee Surveys, PwC Australia Discovers the Startling Truth That Money Motivates Their People

Australian Financial Review is reporting today that PwC Australia is digging deep into their pockets and expanding the bonus pool based on input from employees who shocked the firm by making it clear that money is what motivates them above all else. PwC will increase the pay of its 8000-strong staff at a faster rate […]

This PwC Tax Manager Got So Bored Working From Home During Quarantine She Ended Up on Top Chef

It only took a year for 32-year-old Danie Baker of Seattle to go from working from home for PwC during lockdown to appearing on the new Top Chef spin-off Top Chef Amateurs, which debuted on July 1. The show lists her as a “tax accountant” but you know we snooped LinkedIn to find out she […]

The Pandemic Paid Off For PwC Partners Across the Pond

Good afternoon and happy Monday, grunts. Boy do I have something that is going to warm your cold black hearts. As we can all agree, the last year and a half has been rough. We’ve all had to make sacrifices, though thankfully many of us have at least gotten through it without having to put […]

PwC Poaches Someone From EY and Issues a Press Release, Part III

Hundreds of people have bolted EY to join PwC in different locations around the world the past dozen years but this is only the third time one of those moves has been documented on this here website. So congrats to Mike Holford for being the subject of this most recent “PwC Poaches Someone From EY […]

#TBT: That Time When PwC Global Chairman Bob Moritz Took a Pic with Bebe Rexha

The photo below was taken during the PwC Impact Conference at Walt Disney World, a three-day event where interns have to sit through some mind-numbingly boring sessions and are made to sing “Don’t Stop Believing” before they hit the swimming pool and hang out at Magic Kingdom. This particular year, 2019, the interns were treated […]

Promotion Watch ’21: PwC Canada Has 43 New Partners to Fawn Over

PwC of the Canadian variety has put its trust in these 25 men and 18 women that they will make it rain for years to come. This year’s class of new partners at PwC Canada is nearly double last year’s class, which had the unfortunate timing of being admitted shortly before the firm canned 5% […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part III

Tom Carter had been away from Deloitte for about two and a half years, so now that he’s back, I’m sure there were a few new people in his office or on his team that he was Deloitted to meet for the first time yesterday. In today edition of “Big 4-on-Big 4 Poaching From Around […]

PwC Has Gotten the U.K. Audit Cops’ Attention

The press release the U.K. Financial Reporting Council sent out earlier today was short and sweet—all of 64 words—but it likely sent a shiver down the spines of TPTB at PwC: The Financial Reporting Council (“FRC”) has commenced an investigation into PwC LLP in relation to its audit of the consolidated financial statements of Wyelands […]

Promotion Watch ’21: PwC Admits 63 Overachievers to the U.K. Partnership

The smell of new partners is in the air at the Queen’s PwC: Congratulations to the 63 new partners across our Audit, Consulting, Deals, Risk and Tax business divisions. Find out more: https://t.co/R1X0RW59XB pic.twitter.com/dR89znLKNK — PwC UK (@PwC_UK) June 24, 2021 Of the 63 P. Dubsteppers who get to sit at the adults’ table beginning […]

Bonus Watch ’21: PwC India Is Really Laying the Bonuses On Thick

As you know, the Big 4 are trying to make up for either completely ignoring or providing pathetic raises and bonuses to employees last year due to the pandemic, even though three of the four (womp, womp, KPMG) pulled in the most revenue in FY 2020 than they ever had before. It’s hard not to […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Parts II and III

When PwC released the names of its 94 newest principals earlier this month, Stefan Zorn and Sanjib Mukherjee weren’t on the list. Maybe because they were external hires and not promoted internally? I dunno. But Zorn and Mukherjee both recently bolted Deloitte as managing directors to become principals at the House of Ryan. Zorn recently […]

PwC Is a Name You Can Trust … Or So It Claims

Hey all you Trusty McTrustersons! Here’s an excerpt from a post Trusty Tim Ryan published today on LinkedIn explaining something new at PwC called The New Equation: What we know is that trust will be the defining factor in how businesses are able to achieve both profit and purpose – so in the US, we are aligning […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part XIV

Andrew Yates has put together a squad—six men (including Yates) and six women—who will act as his right hand when he takes over as CEO of KPMG Australia on July 1. One of the members of KPMG Australia’s new National Executive Committee is a recent refugee of PwC, according to a press release: External hire, Dorothy […]

Promotion Watch ’21: PwC Admits 210 New Partners and Principals

It’s promotion season at PwC, and the newest batch of chosen ones will officially become partners or principals on July 1 after they kiss Tim Ryan’s ring. Of the 210 individuals promoted, 116 will be partners and 94 will be principals. This year’s class of 210 new partners and principals is the smallest since 2015, […]

Oh Look, a Pissed-Off Stockholder Is Suing Mattel Directors and PwC

While a potential class complaint filed against Mattel and its auditor PwC by a group of Mattel investors currently sits in the U.S. District Court for the Central District of California, a separate lawsuit against directors of the global toy giant’s board and PwC was filed on May 21 in Delaware Chancery Court by a […]

Deloitte Poaches Someone From PwC and Issues a Press Release, Part II

After spending 15 years working at PwC in the U.K., Switzerland, and the United Arab Emirates, Mohamed Serokh has joined the Big 4 firm with the most valuable brand in professional services: Big D. Because the PR wizards at Deloitte Middle East hadn’t yet sent out a media release announcing Serokh as the firm’s newest […]

KPMG Poaches Someone From PwC and Issues a Press Release, Parts XII and XIII

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we have two more examples of PwCers hoping the grass is more greener at KPMG. First, we go to Scotland where Rob Aitken left PwC to become KPMG’s newest transaction services director in Aberdeen. The website Insider.co.uk got some information about KPMG of […]

Even EYers Think PwC Is a Better Firm Than EY

Leave it to EY to turn a call with staff into a high school pep rally. And leave it to one EY employee to hilariously try to torpedo it. This was posted on Fishbowl earlier today: The funny thing is another EYer who was on that call told us he/she was considering doing something similar […]

Will Class Be In Session For Investors Suing Mattel and PwC Over Accounting Error Cover-Up?

Ah, we have an update on the class-action suit filed against Mattel and its longtime auditor, PwC, by investors who claim Mattel’s finance team and PwC auditors covered up an accounting error that affected the toy giant’s financial results toward the end of 2017. Bloomberg Law reported today: Mattel Inc. investors who accused the company of […]

The Fortune 100 Best Companies to Work For: PwC #38 (2021)

Next up in the 2021 F100BCTWF are the darlings of the Big 4, PwC. Somebody on one of the chatter sites said recently that the reason why PwC attracts so many new recruits, capital market servants from other Big 4 firms, and has such a good reputation is because it has a charismatic and very […]

Vault Accounting 50: Get a Load of These New 1- and 2-Star Reviews About Working at PwC (2022)

A lot of bouquets were thrown PwC’s way in the 2022 Vault Accounting 50: best overall accounting firm to work for; most prestigious firm; and the best firm for formal training, hiring process, audit and assurance, forensic accounting, and tax accounting. Not to mention PwC was ranked highest among the Big 4 in diversity, specifically […]

Guy Speculates On How PwC Decided to Give $250 Vacation Bonus to Employees

What our esteemed former colleague Caleb Newquist wrote in yesterday’s Gusto “On the Margins” newsletter is probably closer to the truth than not: I can just picture Tim Ryan at the head of a long table with lieutenants sitting around racking their brains for ideas. “How do we show people that we’re serious about them taking […]

Important Audit Professional Takeaways from Botta v. PwC Closing Arguments

Closing arguments were held on April 13 in the bench trial of audit whistleblower Mauro Botta vs. PricewaterhouseCoopers. Botta, a former PwC senior manager, claims that he was wrongfully terminated by PwC in retaliation for making a whistleblower report to the SEC. Botta’s whistleblower report alleges that PwC had compromised its independence by acquiescing to […]

EY Poaches Someone From PwC and Issues a Press Release, Parts IV and V

In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we’re focusing on the strategy consulting arms of PwC and EY in Australia, as Miles Tam recently left PwC’s Strategy& as a director to join the partnership at EY Port Jackson Partners. In addition, EY Port Jackson Partners lured Chris Paxton away from […]

Botham Jean’s Killer Is Appealing Her 10-Year Prison Sentence

Amber Guyger, the former Dallas cop who was sentenced to 10 years in prison in October 2019 for murdering PwC accountant Botham Jean in his apartment a year earlier, has an appeals hearing scheduled for later this month. The NBC affiliate in Dallas-Fort Worth reported last month that Guyger’s hearing will begin at 1 p.m. […]

You Can Now Drive By Dallas Police HQ on Botham Jean Boulevard

Back in January we told you guys about the Dallas City Council approving to rename a four-mile stretch of South Lamar Street, including where the Dallas Police Department’s headquarters is located, in memory of Botham Jean, the PwC accountant who was murdered in his apartment by a Dallas police officer in September 2018. Botham Jean […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part XI

Hey. Hope you are having a good Monday so far. Danielle Malone wasn’t as scared of KPMG coming after her as the dog in the video we posted on Sunday. In fact, she actually left PwC in Australia (the biggest of the Big 4 in terms of revenue) to join the Australian House of Klynveld […]

PwC Peeper Finally Gets Jail Time For His Upskirt Photo Fetish

Leon Chan just couldn’t stop taking photos up girls’ skirts. This dude, who used to work for PwC, had 1,700 upskirt pics saved on his iPhone when he was arrested in July 2019 at the Topshop clothing store in London after getting caught taking photos of a female shopper bending over. The crazy thing is […]

It’s Bonus Bonanza Time at Deloitte and PwC In India

Nearly a week after Deloitte in India said it would give all employees either a bonus or a straightforward increase in salary this month as the firm bounces back from a pandemic-related malaise, PwC leaders in India are also sharing the wealth with employees as a “token of appreciation” for hanging in there during the […]

PwC Building In New Zealand Evacuated After Bomb Threat

PwCers who work in the firm’s building in Wellington, New Zealand had a bit of a scare earlier this morning after they were evacuated following a bomb threat. Police are responding to an incident on Wellington's waterfront. Multiple officers & police cars are stationed outside the PWC building. Public area outside has been cordoned off. […]

PwC Tried to Recruit a Former Auditor Who Is Suing Them So Don’t Ever Sweat Burning Bridges Again

When it comes time to think about leaving public accounting, which happens for 99% of public accountants except for those brave and oddly-programmed individuals who are cut out for the partner track, one of the foremost considerations in any exasperated public accountant’s mind is: how can I do this without burning bridges? From the time […]

Talent-Strapped PwC Is That Desperate Ex Texting You With ‘WYD’ After You’ve Moved On

Leaving public accounting is rarely an easy decision, even when the choices are “stay or have a crippling nervous breakdown.” It’s not that the decision itself is hard, rather the consequences of taking an oftentimes necessary leap can lead to difficulties in securing subsequent employment if, as your accounting professors would have you believe, walking […]

For Now, PwC’s Audit Quality Stinks

In Footnotes last Friday, we highlighted a recent Accounting Today article about PwC finally taking audit quality seriously what measures PwC is taking to improve audit quality. In the article, Wes Bricker, PwC’s U.S. assurance leader and former SEC chief accountant, dropped a bomb—a Bricker bomb, if you will—about the most recent PCAOB inspections cycle: […]

Number of the Day: 5,447

No, that’s not the combined number of sit-ups and push-ups PwC Chairman Tim Ryan does in a week. It’s the number of SEC-registered clients across the mutual fund spectrum that are audited by PwC, according to a recent Audit Analytics analysis. And as Audit Analytics noted, PwC has a stranglehold on mutual fund engagements, with […]

The Olds vs. PwC: Federal Judge Seems Fine with Age Discrimination Lawsuit Settlement (UPDATE)

The $11.6 million settlement reached last March between PwC and two accountants who claimed they weren’t hired for associate positions with the firm because of their older age is a done deal. All that’s left is getting attorney fees figured out. Law360 reported on Jan. 27: A California federal judge said Wednesday he’ll approve PricewaterhouseCoopers […]

Did PwC Actually Pay Off Audit Staff to Do Inventory Counts Out of Desperation?

According to this recent post on Fishbowl, the answer is yes: Hey, if you’re a low man or woman on the totem pole at PwC, didn’t mind traveling to a client site during a pandemic, and if you didn’t mind working during #PwCTakesABreak or whatever the hell PwC calls its two-week time-off period before busy […]

Grant Thornton Poaches Someone From PwC and Issues a Press Release, Part II

With Mark Andrus retiring later this summer, Grant Thornton needed to find someone to succeed him as leader of the firm’s R&D Tax Credit Services practice. GT did, and he has Big 4 chops: Keith Nickels has joined Grant Thornton LLP as a Tax partner and national leader of the firm’s Research and Development (R&D) […]

RIP Jack Ryan, Senior Digital Marketing Manager at PwC U.K.

Really sad news from the U.K., where a PwC marketing manager was struck by a car and killed while jogging last week at a notoriously dangerous spot for pedestrians in Chelsea. Birmingham Mail reported: Jack Ryan was struck by an oncoming Range Rover on Wednesday, January 13 at around 6pm close to Battersea Bridge in […]

There Will Soon Be a Botham Jean Boulevard In Dallas Named After Slain PwC Accountant

Kudos to all 15 members of the Dallas City Council for ultimately agreeing to honor murdered PwC accountant Botham Jean in this way. The Dallas Morning News reported on Jan. 13: The Dallas City Council on Wednesday unanimously approved renaming about four miles of South Lamar Street in memory of Botham Jean. He was shot to […]

PwC Traps Employees For Financial Penalties

PwC just fined me 3% of my annual pay for not reporting a few stocks that my spouse bought prior to the time when I joined the firm. Note this is not a conflict of interest issue or insider trading issue because the stocks my spouse owned had no connection with PwC’s client. When I […]

It Seems PwC Issues Reports On Just About Everything, Including Babies

The Telegraph reported the following from PwC’s Lamaze practice (probably): Britain faces a baby bust this year as Covid and lockdown wreck the plans of millions of would-be parents. The birth rate could fall to its lowest level on record as chaos from the pandemic forces couples to delay starting a family and lockdown measures […]

PwCers Got a Holiday Concert, What’d You Get?

It’s about that time to start comparing what paltry branded goods everyone is swapping in the name of Christmas (or Hanukkah or winter solstice or whatever it is you choose to celebrate in this, the last mile of the year), a favorite pastime of accountants everywhere. We’re hearing PwCers were treated to a “concert” (via […]

Drunken PwCer Who Groped a Woman On a Plane Will Live to Reconcile Another Day

Many years ago, someone who definitely isn’t me had the bright idea to eat half a pot cookie on her way to the airport before a red-eye flight from San Francisco to New York. After all, late-night flights are rarely delayed, right? What’s the worst that could happen? Well, in her case the worst that […]

Compensation Watch ’20: PwC Making Mid-Year Salary Adjustments For Everyone

Christmas came early for those donning the orange, red, and yellow, as PwC employees were told the following today during a firmwide webcast, according to a tipster (bold emphasis added): PwC avoided layoffs by freezing pay, paid (smaller than target but still substantial) bonuses in the fall, now increasing base pay for nearly all staff […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part X

Not only are there two former EY tax wonks who are part of the latest class of tax partners and managing directors at KPMG but there’s also a PwC refugee. From a KPMG announcement posted by Tax Grotto: Jeremy Jester has rejoined KPMG as a managing director in its SALT practice. He has nearly 15 years […]

Shabooya! PwC Makes the Front Page of Reddit But Not In a Good Way

It’s always funny to me as a person who has spent the majority of my adult life lingering around the periphery of the accounting profession when, in the course of my day outside of work, I randomly come across accounting-related material. It’s especially funny when said material is being reacted to by the population at […]

Life at PwC Is All About Bewo Werk Llwe Ll

Leave it to PwC to deliver its “Be Well, Work Well” message in a weird and confusing way. Their futures are so bright, they gotta wear shades, I guess. Or it’s to hide the enormous bags under their eyes from the lack of sleep they get because of all the hours they work at PwC, […]

Another Tragedy Strikes PwC In Dallas

The NBC affiliate in Dallas-Fort Worth reported yesterday that no arrests have been made in the September hit-and-run that killed 25-year-old Andrew Jordan Santiago, a senior associate at PwC in Dallas. KXAS-TV reported: Santiago was walking home at around 11:08 p.m. after he watched the Dallas Stars play in the Stanley Cup Final on Sept. […]

New PwC Tower In Italy Is Probably the Most Phallic-Looking Big 4 HQ In the World

The newly completed headquarters for PwC Italy sure is generating a lot of buzz within the architecture industry. Designed by American-Polish architect Daniel Libeskind, the new PwC Tower in Milan, called “The Curved One” because of its unique shape, is located on the old site of Milan’s International Fair, which closed in 2005. The 574-foot-tall […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part IX

Back in August it was announced that KPMG’s head of diversity and inclusion, Michele Meyer-Shipp, would be leaving the firm to join the big leagues. No, not Deloitte, the actual big leagues—Major League Baseball—as its new chief people and culture officer. It took a while but today KPMG announced Meyer-Shipp’s successor, Elena Richards, who left […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part VIII

The KPMG/PwC poaching rivalry is still going strong, but weirdly, it seems like more troops are deserting PwC for a job at KPMG than the other way around. It’s like we’re living in Bizarro World. In our latest edition of “Big 4-on-Big 4 Poaching From Around the World,” one of the newest partners at KPMG […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part VII

It seems like more Big 4ers are trading in their PwC autumnal hues for KPMG blue lately than the other way around. That was the case in our latest edition of “Big 4-on-Big 4 Poaching From Around the World,” as the Queen’s KPMG officially unveiled three new private equity partners, one of whom was snatched […]

EY Poaches Someone From PwC and Issues a Press Release, Part III

EY U.K. is so excited about its recent hire of a former PwC partner that someone in communications actually sent us this message earlier today: I absolutely loved the first two parts of your ‘EY Poaches Someone From PwC and Issues a Press Release,’ To complete the trilogy, I wondered if you’d be interested in […]

Sigur Rós Isn’t a Huge Fan of PwC or Paying Taxes

“We are musicians, we hired the people who we thought were the best in the world. And he failed us.” — Georg Holm, bassist for the legendary Icelandic post-rock band Sigur Rós, said about the band’s accountant Gunnar Ásgeirsson, who worked at PwC. I’ve got a few Sigur Rós albums on CDs that I burned […]

The PwC Pillow Has More of a Life Than You Do

Tim Ryan must be taking his favorite pillow camping this Labor Day weekend: View this post on Instagram How are you spending your Labor Day weekend? I'm going camping! #pillowlife #PwCAllin #pwcpillow A post shared by @ pwcpillow on Sep 5, 2020 at 11:31am PDT You forgot a hashtag, Pillow. #PwCProud Related article: Move Over […]

Thanks to the Rona, PwC’s Global Revenue Only Went Up a Measly 1.4% in FY 2020

Big 4 revenue gloating season kicked off today with PwC being first out of the gate. In a normal year, EY is typically first bragging about its third-place global revenue, then Deloitte, P. Dubs, and KPMG. But 2020 has been anything but normal, and that is reflected in PwC’s results for the most recent financial […]

EY Poaches Someone From PwC and Issues a Press Release, Part II

Dan Dennett announced to his LinkedIn connections about a month ago that he recently joined the black and yellow team. And here is his WFH battlestation:The newish EY associate partner is the focus of today’s edition of “Big 4-on-Big 4 Poaching From Around the World.” Dennett joins the Queen’s EY from PwC U.K. where he […]

Grant Thornton Poaches Someone From PwC and Issues a Press Release, Part I

Aug. 10 was a big day for the PR team at Grant Thornton in the Cayman Islands because they actually had some news to write about. They hadn’t sent out a news release since June 12. But after GT nabbed a director from PwC in the Caymans, the firm actually gave its PR team something […]

Layoff Watch ’20: PwC to Sever Ties with 5% of Its Workforce In Australia (UPDATE) PwC Limits Job Cuts to About 3%

[Updated on Aug. 3 with additional information.] PwC Australia CEO Tom Seymour said layoffs last month weren’t as large as anticipated—the firm let go of 250 PwCers instead of the 400 employees who had initially been targeted for involuntary departure by redeploying dozens of staff, according to the Australian Financial Review on Aug. 3: Mr […]

This Person Is Really Guzzling the PwC Kool-Aid

Saw this posted on Fishbowl a little bit ago, and I’m really hoping this is just a sarcastic PwCer having a little fun while working and not someone who believes all the tripe that comes out of management’s mouths:If you think this person isn’t being sarcastic and is trying to be a good soldier at […]

PwC U.K.’s Auditing Report Card Gets a Grade of U for Unsatisfactory

Yesterday we began our review of the seven audit quality inspection reports issued recently by the U.K.’s audit cops, the Financial Reporting Council, with Deloitte, which was found to have only four of 17 audits (23.5%) that weren’t up to snuff. Today’s victim is PwC. Let’s see how this stalwart of auditing did during the […]

Ex-PwC Senior Manager Got Busted for Trying to Pull a Fast One on PCAOB Inspectors

If you try to do something to outsmart PCAOB inspectors, more often than not you’ll end up looking like the big dummy. Case in point, former PwC senior manager Ryan Collins, who was barred by the U.S. audit cops on July 21 for altering workpapers. Collins, who worked at P. Dubs from September 2010 until […]

Layoff Watch ’20: PwCer Claims Performance Ratings Are Purposely Being Bumped Down to Make Separation Decisions Easier During the Pandemic (UPDATE)

[Updated on July 17 with additional comments.] Two people who currently work at PwC in management roles have chimed in on this topic: one who is siding with the firm and the other who is siding with those folks who have recently lost their jobs. The first is a partner who emphatically says what these […]

Promotion Watch ’20: PwC Canada Welcomed 22 to Partnership Right Before Gutting 5% of Its Workforce

Among the slew of messages we got yesterday regarding the layoffs this week at PwC Canada was this one from a PwCer who was among the hundreds of employees told they were no longer welcome at the House of Marcoux: PwC Canada, just a week ago, was “proud” to announce their new 2020 partners, while […]

Layoff Watch ’20: PwC Canada Confirms It Is Handing Out Pink Slips (UPDATE)

[Updated on July 16 with additional information.] Ugh, here we go again. Another big Canadian firm is cutting employees during the pandemic, and the latest victims are from PwC. We got this tip around lunchtime on July 15: Lay offs have started in a few offices in PwC Canada, including me. I’m only aware of […]

Layoff Watch ’20: Rumor Has It That PwC Brazil Let Go of 600 Employees

[Updated on July 11 with additional information/comments.] A tipster brought to our attention this morning that several people on his LinkedIn feed who worked at PwC in Brazil no longer work at PwC in Brazil as of July 9. Here are a few of the posts, translated from Portuguese to English: And today my journey […]

Mazars USA Poaches Someone From PwC and Issues a Press Release, Part I

Our favorite public accounting bandits Mazars USA is at it again, this time raiding PwC for someone to lead its first office in Texas—a new 4,000-square-foot cube farm in Dallas. Brad Leffler will lead the office and has 23 years of experience serving companies in a wide range of industries including retail and consumer products, […]

Promotion Watch ’20: PwC Admits 232 New Partners and Principals

Today is Promotion Day at PwC, a day to celebrate all those PwCers who earned their new stripes and stepped up in rank, including the firm’s newest class of 128 partners and 104 principals. This year’s class of 232 partners and principals isn’t as robust as the previous two years, but it’s the third largest […]

EY Poaches Someone From PwC and Issues a Press Release, Part I

Today’s edition of “Big 4-on-Big 4 Poaching From Around the World” takes us to Romania, where EY has put everyone in that country on notice now that it just hired a tax specialist away from PwC and made her a partner. Georgiana Iancu now has a seat at the adult table: [Translated to English] Georgiana Iancu […]

Bonus Watch ’20: PwC Is Kinda, Sorta Going Forth with Bonuses, Raises (UPDATE)

[Updated on June 12 with additional information.] So we were told today by a couple of people that PwC had a webcast for new hires on Thursday, led by Chairman Tim Ryan, U.S. Recruitment Leader Rod Adams, and a couple of other people. Once the spiel about what PwC is doing to address the COVID-19 […]

KPMG Poaches Two More People From PwC and Issues a Press Release, Part VI

It’s pretty crazy that there have been so many new KPMG hires from around the globe lately who have come from PwC, because it wasn’t that long ago when KPMG was pretty much a playground for future PwCers. Big 4-on-Big 4 poaching is fun! Especially when it involves these two firms. So let’s head over to […]

KPMG Poaches Someone From PwC and Issues a Press Release, Part V

Everyone’s favorite golf company just hired away a turnaround specialist from one of its biggest rivals in the U.K. Let’s take a trip to London for our latest edition of “Big 4-on-Big 4 Poaching From Around the World,” where we learn a little more about PwCer-turned-KPMGer Massimiliano Messina: Professional services firm KPMG has announced the […]

Rumor Mill: PwC Canada Strongly Encouraging Tax Staff to Work Less So They Don’t Have to Fire You

PwC of the Canadian variety is apparently asking forcing its tax staff to volunteer agree to reduce their work hours with a corresponding reduction in pay to avoid layoffs. Hmmm, how did that work out for Deloitte Canada? Here’s a tip we got over the weekend: PwC Canada Tax announced this week: All staff can […]

PwC’s Latest PCAOB Inspection Report Is Fairly Unspectacular, Part II

Let’s keep plowing through this pile of 2018 PCAOB inspection reports and take a look at how PwC auditors did during the 2017 inspection season. PwC auditors haven’t had a lot of great press lately: we had the Mattel accounting cover-up; Brandon Sprankle spectacularly violating independence rules, resulting in PwC being fined $7.9 million by […]

PwC Poaches Someone From Deloitte and Issues a Press Release, Part I

Last week we told you guys about Deloitte Ireland helping a longtime PwC tax director achieve his dream of becoming a Big 4 partner. In today’s edition of “Big 4-on-Big 4 Poaching From Around the World,” we head to Switzerland, where a PwCer-turned-Deloitter is coming back home to Papa Whiskey Charlie. Richard Geldart rejoined PwC […]

PwC and KPMG Have the FRC Breathing Down Their Necks

The U.K.’s audit cops are curious as to why Eddie Stobart Logistics’ 2018 profits were overstated by £2 million, which resulted in shares of the company being suspended last August, a delay in publishing its 2019 interim results, and Eddie Stobart nearly going out of business. So the Financial Reporting Council is now breathing down […]