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March 25, 2023

When accounting goes unaccounted for

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Is PwC facing an existential threat?

by bloviator

ICYMI, a random gaggle of melanoma-brained Floridians will soon decide whether PwC has to pay $5.5 billion in damages to the burned-out remnants of a fraudulent mortgage lender: https://www.fwdforensics.com/accounting/cpa-expert-witnesses-pwc/. And two more lawsuits concerning the same matter are pending in Alabama with similarly astronomical damages claims. Plus it looks like PwC isn't going to appeal its way out of paying the MF Global damages. All this is to say, has anybody done the math to see at what point PwC has to pull a Gawker and go chapter 11? 

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