As we all know by now, the 89th Academy Awards didn’t go as planned for the dynamic duo in charge of guarding the Academy’s great secret. It’s not like PwC has had 82 chances to perfect the process since they first started counting the ballots. Oh wait, it’s exactly like that.
As expected the Twitterati erupted in jeers and sneers, with some comparing it to Enron which is just dumb because we know that Enron wasn’t PwC’s fault. Compare it to MF Global if you must, losers. Anyhoo, here are some of our nominees for Best PwC Roasts of Oscar Fail 2017. If you have one to add, do so in the comments.
#PwC‘s 500 internal controls cover everything except making sure the Sr, Partner handing out envelopes isn’t shitfaced #Oscars
— Phil (@Bosson100) February 27, 2017
Envelopes and High Heels – two cocks up in a year
A PR department department working overtime?
— Elaine Clark (@cheapaccounting) February 27, 2017
@sapna @carlquintanilla TWO SETS of Red Envelopes is like Two sets of corporate books! #PwC would Never allow it. But they did! #Oscars
— Kenneth Walsh (@kenwalsh77) February 27, 2017
Price Waterhouse Bloopers #PwCRedCarpet #PwC
— Ai (@AiKjuu) February 27, 2017
Turns out PWC was only moonlighting as an accounting firm.
— George Takei (@GeorgeTakei) February 27, 2017
“If they were my accountant, I would fire them.” — Les Moonves on @PwC and Oscar flub pic.twitter.com/ZteOctGxHf
— CBS This Morning (@CBSThisMorning) February 27, 2017
Meanwhile, the man at PWC who gives out envelopes at the Oscars goes to see his boss this morning for a chat. pic.twitter.com/U9PCIs8W1V
— Ken Shabby (@MrKenShabby) February 27, 2017
Emergency meeting at PriceWaterhouseCoopers tonight. @PwC_LLP #Oscars pic.twitter.com/rkkwDwzSTu
— Ray Devlin (@Ray_Devlin) February 27, 2017
Somewhere in Hollywood today, @PwC_LLP and @TheAcademy are having this meeting. #envelopegate pic.twitter.com/8bJqLllOhJ
— James Bond (@jamesbondlive) February 27, 2017
Well, 83 years is a good little run… #Oscars @PwC_LLP @briancullinan_
— Michael Mason (@mtmasonjr) February 27, 2017
Caleb Newquist contributed to the rounding up of snarky tweets.
GSI Group Inc. (GSIG) said it reached a settlement with the U.S. Securities and Exchange Commission by consenting to a cease and desist order related to accusations that it improperly recognized revenue on certain transactions at its semiconductor business from at least 2004 through June 2008, partly because of insufficient internal controls. The SEC alleged that as a result, the supplier of precision technology and semiconductor systems had overstated revenue by 0.7% in 2004, 1.4% in 2005, 17% in 2006 and 5% in 2007 and by 13% and 5.6% in the first and second quarters of 2008. The company said it agreed to the settlement without admitting or denying the SEC finding and wasn’t charged with fraud or required to pay any penalties. “GSI fully cooperated with the SEC in its two year investigation and has undertaken a number of corrective actions and internal control enhancements,” said Chief Executive John Roush. [