PwC Financial News

28.07 / 09:17

Citi PwC Woodford compensation PwC to oversee £235m compensation scheme for Woodford investors

PwC will oversee a multi-million pound compensation scheme for investors trapped in Neil Woodford’s defunct Equity Income fund.

28.07 / 05:33

FIVE Assurant PwC Deloitte show PwC wins $700m from big banks since 2017, five times its nearest rival

PwC has secured close to $700 million in work from the major banks over the last five years, almost five times the firm’s nearest competitor.

27.07 / 15:23

UPS Provident Aware Matthews Fallout PwC The one word that will determine if PwC can fire this partner

The forced retirement of PwC Australia partner Richard Gregg hinges on what Justice David Hammerschlag thinks “reasons” means.

27.07 / 08:05

Provident JPMorgan PwC Deloitte PayDay show Macquarie reputation audit Macquarie to consider PwC reputation in audit review

Macquarie will consider PwC’s culture and reputation issues as it reviews whether to change its long-time auditor, the company has told shareholders.

26.07 / 03:29

Provident CEO Gap Assurant PwC Telstra Scope of Switkowski’s PwC review revealed

The review of PwC Australia’s operations by former Telstra chief executive Ziggy Switkowski will not examine the firm’s tax leaks scandal or past conduct at the firm, according to its previously secret terms of reference.

25.07 / 20:01

UPS Provident SEC PwC country Stock Exchange Regulators Back Global Climate-Reporting Rules

Regulators of the world’s top stock exchanges gave their backing to the international climate-reporting standards framework Tuesday, adding momentum to efforts to establish the rules as the global baseline. The International Organization of Securities Commissions, known as Iosco, endorsed the International Sustainability Standards Board’s recently published climate reporting standard. Iosco’s board of 35 securities regulators—which includes the U.S.

25.07 / 07:05

UPS PwC Deloitte performer reports US regulator reports rising number of flawed audits

New York | US regulators have seen a jump in the number of flawed audits carried out by global accounting firms, according to figures released on Monday night (Tuesday AEST) that point to the difficulties of high staff turnover and hybrid work.

25.07 / 06:11

COMPOSITE PwC awards Bank exclusive Spanish Bank A&G Launches Crypto Investment Fund Offering

The leading Spanish private bank A&G has launched a crypto investment fund offering, in a sign adoption is continuing to rise in the European nation.

25.07 / 02:47

Provident Action PwC Warning PwC trains 1300 staff on honesty and integrity (after a warning)

PwC has complied with an order to provide additional training to more than 1300 mostly tax-related partners and staff on their professional behaviour, including the need to act with honesty, integrity and to keep client information confidential.

24.07 / 13:41

UPS Provident Target Booking PwC Deloitte performer As PwC sinks, Deloitte takes top spot with $2.85b income

Deloitte’s annual income jumped more than 14 per cent to $2.85 billion in the year to May and is on target to become the largest of the big four consulting firms this financial year thanks to the collapse in revenue at its once-dominant rival PwC.

21.07 / 07:07

UPS Provident PwC Deloitte Simulation performer KPMG reveals partnership deed, in a big four first

KPMG Australia has taken the unprecedented step of allowing its partnership deed to be published, revealing partners can be given a one-time bonus payment worth up to a year’s income when they retire.

20.07 / 08:47

Digital CEO Platform Action PwC Deloitte Inside Former Deloitte partner says removed Defence docs were ‘drafts’

A former Deloitte partner has acknowledged he removed two Defence-related documents held by the firm when he left – but maintains both were drafts that were not “confidential or classified”.

20.07 / 07:51

PwC UK companies Financial Services private equity UK M&A activity falls in H1 as volume of deals slumps

The report found there was a total of £42.8bn worth of UK deals in H1 2023, a 55% drop when compared to £95bn in H1 2022.

19.07 / 16:45

UPS Microsoft Progressive Google PwC blues Future Business and Labor Square Off Over AI’s Future in American Workplace

The Federal Trade Commission’s investigation into the ChatGPT app points to an emerging conflict over how Washington should regulate artificial intelligence, one that could pit some of America’s biggest businesses against labor unions and progressive advocacy groups. Businesses want to use systems like ChatGPT, which can instantly generate media and imitate human conversation, to cut the number of employees needed to write documents or answer calls. AI-driven bots could also open up new markets by creating individually customized ads or even pitching customers in live conversation.

19.07 / 09:05

Provident CEO Action LinkedIn PwC Deloitte PwC partner sues to stop firm forcing him out over tax leaks

A veteran PwC Australia tax partner specialising in providing research and development incentive advice has become the first partner named by the firm over its tax leaks scandal to take legal action to stop the firm forcing him out of its partnership.

19.07 / 08:29

CEO Platform Strategy LinkedIn PwC adult Adult platform OnlyFans’ CEO Amrapali Gan resigns; Keily Bair to take over reins

Amrapali Gan, the CEO of UK-based online subscription platform OnlyFans, announced her resignation as the company’s chief executive on Tuesday.In a LinkedIn post, Gan, who led the platform — known for its adult content — for three years, said she was leaving to start her own venture, Hoxton Projects. OnlyFans’ chief strategy and operations officer Keily Blair will head the company. “Spending nearly 3 years at OnlyFans while it echoed throughout the cultural zeitgeist, has been beyond rewarding.

19.07 / 07:01

UPS FIVE PwC Accenture Deloitte EY runs ‘a very different tax practice’ to PwC

EY has told a Senate inquiry that the firm runs “a very different tax practice” to PwC and does not have “partners roaming the market with solutions looking for problems”.

18.07 / 17:11

UPS Provident Williams Strategy PwC Accenture Deloitte accounting Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal

The Big Four accounting firms are trimming their consulting ranks—sometimes months after a promotion—after forecasting slower growth as more businesses scale back on third-party help in certain areas. The firms—Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers—are facing the consequences of aggressive hiring over the past two years as the pandemic spurred higher demand for consulting in areas such as corporate strategy, coupled with lower attrition than they expected during the first half of the year. The recent rounds of layoffs have been heavily focused on the advisory sides of the firms.

18.07 / 10:43

Provident FIVE CEO PwC Deloitte ‘Completely unsatisfactory’: EY’s disclosure worse than PwC’s

Greens senator Barbara Pocock has slammed EY for its lack of disclosure to the Senate inquiry examining consultants.

18.07 / 10:43

UPS Provident FIVE CEO PwC Deloitte PwC tax leaks ‘deeply disturbing’, says rival EY

EY’s boss said the tax leaks scandal at rival big four consulting firm PwC was “deeply disturbing”, but was criticised by frustrated senators investigating the industry for failing to disclose his firm’s partnership deed and partner pay rates.

18.07 / 08:37

UPS FIVE Aware Action PwC Forbes Browser How East Asia Is Dealing With Greenwashing

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