PwC seeks to bolster top ranks by poaching partners from Big Four rivals December 4, 2022 PwC is seeking to bolster its top ranks by poaching partners from its Big Four rivals. The accounting firm is hoping to hire up to 500 new partners with expertise in tax, cloud services, financial crime, and ESG advice, the Financial Times first reported. In doing so, PwC is seeking to take advantage of discontent [...]
Pensions fund collapse fears were ‘overreaction’, says PwC executive October 3, 2022 Fears of a wave of pension fund insolvencies last week were an “overreaction”, the global pensions chief of PwC said today, after concerns spread amid the fallout of the government’s so-called mini budget.
PwC sued by employee over pub crawl brain injury August 22, 2022 A 28-year-old auditor, who suffered a serious brain injury on a work night out, is suing PwC over claims the firm bears responsibility for the behaviour of a manager who encouraged excessive drinking. Michael Brockie, 28, suffered a “moderate-severe brain injury” during a “pub golf” night organised by his superior, that left him with “persistent [...]
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]
Ex-PwC partner denies leaking info to City banker to help Slater & Gordon’s £637m deal January 31, 2023 The former head of PwC’s restructuring business has denied leaking confidential information to a London investment banker that allegedly helped City law firm Slater & Gordon get a better price in a £637m acquisition, a London court heard today. Ex-PwC partner Ian Green is accused of disclosing commercially sensitive information about software developer Quindell’s financial [...]
PwC to face Hong Kong probe over Evergrande audit August 15, 2022 Hong Kong’s audit watchdog has launched an investigation into PwC over its audit of embattled Chinese real estate developer Evergrande. The city-state’s Financial Reporting Council (FRC) today said it had opened an investigation into the Big Four accountancy firm’s audit of the heavily-indebted property firm’s 2020 results. The probe comes after PwC signed off [...]
Global ESG funds set to hit $34tn by 2026, says PwC October 10, 2022 The global value of environmental, social and governance funds will surge to nearly $34tn by 2026 as investors look to profit from a transition to green energy, according to a new report.
The Square Mile and Me: PwC chair Kevin Ellis on favourite city haunts and the pub he started his career in February 16, 2023 This week PwC’s chair and senior partner Kevin Ellis tells us the stories of his beloved City haunts, including the pub where he started his career and the spots he uses to lift his spirits. What was your first job? My first job was delivering double-glazing leaflets around Chingford in East London where I grew [...]
Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn February 15, 2023 The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services. The accounting giants are rapidly expanding their legal businesses, in boosting their own sales and taking work away from traditional firms, the research from Said Business School shows. The world’s four [...]
PwC ups pay for newly-qualified lawyers to £90,000 a year July 21, 2022 Big Four accounting firm PwC has upped pay for newly qualified (NQ) lawyers working in its fast-expanding UK legal business to heights of £90,000 a year. The salary hikes will see PwC match the salaries offered by top ranking law firms including London law firm Mischon de Reya, and put it ahead of major firms [...]