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 […]
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 […]
In the 16 years that Vault has ranked public accounting firms by prestige, only three firms have taken the title of “most prestigious”: EY (2007), Deloitte (2009), and PwC (2008; 2010-current). With the release of Vault’s 2022 Accounting 50 last week, that’s 13 straight years now that PwC has been viewed by accountants as the […]
Except for 2012 when the Purple Rose of Chicago shockingly was named the best accounting firm to work for, a Big 4 firm has been ranked No. 1 in all the other Vault Accounting 50s. Which firm has led the most through the years? Obviously the most prestigiousiest one: PwC: 9 Deloitte: 1 EY: 1 […]
How much do Big 4 people really care about Vault’s annual Accounting 50? PwC, Deloitte, and KPMG and their employees probably care way more about the ranking than EY and its employees because those firms routinely comprise the top three positions. EY, on the other hand, hasn’t participated in Vault’s annual survey of accounting professionals […]
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, […]
Seriously, I had no idea until tonight when I saw the news release, dated Feb. 24, 2020, posted on PwC’s global website. This never hit our inbox and I can’t find anything else written about this online. Nothing. Poor Bob. They couldn’t even squeeze out a brief mention on PwC US’s website? You know, the […]
CODE-E can’t wait to see everyone’s smiling faces again. From the Boston Globe on May 6: Many [Greater Boston area] employers are also thinking about phased approaches, for their own workforces. Take what’s happening at PwC’s Seaport office, where more than 3,000 people worked before COVID-19 arrived. John Farina, PwC’s Northeast managing partner, is planning […]
There wasn’t much that changed in Vault’s 2021 ranking of the most prestigious accounting firms, at least in the top 25. PwC was named the most prestigiousiest firm for the 12th straight year, the Big 4 took the top four spots once again, and the same firms that filled up the top 25 in 2020’s […]
Not even a pandemic, the likes of which we’ve never seen, could stop the folks at Vault from releasing its 2021 Accounting 50 today. But if you were hoping for a firm other than PwC to take the top spot in the latest Vault ranking of the top accounting firms in the U.S., well, you’ll […]
Anyone see the resemblance? View this post on Instagram #WellnessWednesday: Have you stepped away today to unwind + recharge? We recommend a #powernap in a #teampwc EnergyPod. ? #bewellworkwell #healthyhabits #wellnessatwork #workwellness #bewell #workwell A post shared by Life at PwC (@lifeatpwc) on Mar 4, 2020 at 1:23pm PST
A little while ago, we told you how PwC locked down the top spot in Vault’s 2020 Accounting 50—the seventh consecutive year the firm has been ranked No. 1. But believe it or not, this isn’t the longest win streak P. Dubs has going when it comes to Vault’s rankings. Even though the House of […]
It’s one of our favorite times of the year at GC HQ when our friends at Vault put out their yearly rankings of the top accounting firms in the U.S. in several categories. But for now, we’re going to focus on the overall top 50 ranking. The No. 1 firm in the U.S. for 2020, […]
We’re getting used to this.
Chances of a speedy resolution to l’affaire Satyam receded on Wednesday with the Andhra Pradesh high court granting bail to the company’s founder and former chairman, B. Ramalinga Raju, freeing, albeit temporarily, the last of the accused in a corporate fraud that came to light in early 2009 with Raju’s confession and whose magnitude has since doubled to a claimed `14,000 crore.
Raju’s release is a setback for India’s federal investigating agency, the Central Bureau of Investigation (CBI), which is yet to produce him in court in person. Arrested on 9 January 2009, Raju has been undergoing treatment for Hepatitis C at Nizam’s Institute of Medical Sciences, Hyderabad.
On 16 August, he retracted his confession in the trial court by responding in the negative to questions posed by the court about the fraud. The burden of proof for Raju’s fraud now rests with CBI. And now, he is out on bail—for two sureties of `20 lakh each.
India’s minister for corporate affairs Salman Khursheed insisted that Raju’s release would not “hamper the ongoing investigation”.
Satyam case weakens with Raju’s release [Live Mint]