News coverage for PWC

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

For the eighth consecutive year, PwC US has been named one of FORTUNE’s “100 Best Companies to Work For”. PwC ranks number 48 overall and 11 among large companies on this year’s list, the 15th annual installment. This represents a significant jump from 73 overall last year. “We are truly proud and humbled not only [...]

Digital Banking to Be the Norm by 2015

Digital Banking to Be the Norm by 2015

Digital banking is set to overtake branch networks as the main way customers interact with their bank by 2015, according to a new PwC report ‘The new digital tipping point’, which suggests that banks are missing a vital new source of revenue growth as they have been too slow to respond to the digital innovations [...]

Big Spending Predicted in 2012 for Gold Mining Companies

Big Spending Predicted in 2012 for Gold Mining Companies

According to PwC’s new annual Gold Price Report, 80% of mining companies expect the price of gold to continue to increase this year, with the majority of respondents expecting gold to peak at US$2,000 per ounce in 2012. Additionally, with 29% of respondents expecting to spend their cash on acquisitions this year and 40% of [...]

Gartner Positions PwC in ‘Leaders Quadrant’

Gartner Positions PwC in ‘Leaders Quadrant’

PwcUS has been positioned by Gartner, Inc. in the Leaders quadrant of the 2011 “Magic Quadrant for Financial Management Consulting Services” report. Gartner’s Magic Quadrant report evaluates major players in the business and technology industries upon two criteria: completeness of vision and ability to execute. According to the report, those positioned in the Leaders quadrant [...]

$2m Fine Hits PwC Over JPMorgan Client-Money Audit

$2m Fine Hits PwC Over JPMorgan Client-Money Audit

The Executive Counsel of the Accountancy and Actuarial Discipline Board (AADB) has filed an admitted disciplinary Complaint against PwC in relation to its role in reporting to the FSA on JPMSL’s compliance with the FSA’s Client Money Rules, which govern the segregation and protection of client money. A record fine of $2.17 million has been [...]

PwC Outlines Impact of Liquidity Injection from ECB on Eurozone

PwC Outlines Impact of Liquidity Injection from ECB on Eurozone

The impact on Germany, France, Italy and Spain of monetary expansion through a liquidity injection from the European Central Bank, orderly defaults for the most indebted countries, Greek exit and a new currency bloc as four potential outcomes of the Eurozone crisis have been outlined in a PwC report “Economic Views – Eurozone”. The report [...]

Scarcity in Minerals, Metals in Manufacturing a ‘Ticking Bomb’

Scarcity in Minerals, Metals in Manufacturing a ‘Ticking Bomb’

Seven core manufacturing industries could be seriously affected by a shortage of minerals and metals, which could disrupt entire supply chains and economies, according to new PwC research. PwC surveyed some of the largest manufacturing businesses across manufacturing, chemicals, automotive, renewable energy, aviation, metals, infrastructure and high-tech hardware to see what impact such a scarcity [...]

M&a Hike to Spur Growth in Companion Diagnostics

M&a Hike to Spur Growth in Companion Diagnostics

Investor interest in the global in vitro diagnostics (IVD) market is expected to grow in 2012-2014 following a surge in M&A deal values, increasing companion diagnostics partnerships and the emergence of new prospects for early detection testing, according to Diagnostics 2011, PwC’s new biennial review of the IVD sector. According to the report, interest in [...]

‘New Planet’ For Global Gaming in 2015

‘New Planet’ For Global Gaming in 2015

A new report released by the global business consulting and accounting firm PricewaterhouseCoopers has outlined the changes and challenges in mature markets, the upcoming opportunities in new and developing jurisdictions, as well as the legislation, regulation, and potential impacts brewing in the online gaming arena. Casino gaming through to 2015 According to PwC’s projections, the [...]

Eurozone Crisis Outcomes Laid Out

Eurozone Crisis Outcomes Laid Out

The Eurozone crisis may result next year in the monetary expansion through a liquidity injection from the European Central Bank, orderly defaults for the most indebted countries, Greek exit and a new currency bloc, according to a PwC report. The report analyses each of these scenarios and outlines the outcomes of each in terms of [...]

Economic Crime on the Rise

Economic Crime on the Rise

More than a third of businesses and other organisations around the world were victims of economic crime in the last 12 months, according to respondents to PwC’s 2011 Global Economic Crime Survey released today. Nearly a quarter of victims said they were subject to cybercrime – the use of technology as the main element in [...]

Missed Opportunity on Audit Reform

Missed Opportunity on Audit Reform

The European Commission’s call to revamp the audit market represents a missed opportunity to learn the lessons of the crisis, meet the needs of investors and help enhance audit quality across the European Union, according to global accounting and business consulting firm PricewaterhouseCoopers. PwC said it is high time to consider whether additional reforms should [...]

Pre-Thanksgiving APEC Meeting Highlights Free Trade

Pre-Thanksgiving APEC Meeting Highlights Free Trade

Majority of chief executive officers have urged Asia-Pacific leaders to prioritize free-trade and eliminate every barrier thereof. Establishing a free-trade agreement among the 21 economies of the Asia-Pacific region should be a top priority for the Asia-Pacific Economic Cooperation (APEC), whose summit is ongoing n Honolulu, Hawaii. Two-thirds of the CEOs surveyed by PwC said [...]

Strong Confidence in Growth Seen in Asian Bosses

Strong Confidence in Growth Seen in Asian Bosses

More than half of CEOs in the Asia-Pacific region are highly expecting for increased revenue for their companies over the next three to five years, up slightly from a year ago, according to a survey by accounting and business consulting firm PricewaterhouseCoopers. PwC surveyed more than 320 CEOs across 26 countries, including the 21 APEC [...]

New PwC Global Tax Leader Named

New PwC Global Tax Leader Named

Global accounting and business consulting firm PricewaterhouseCoopers has named J. Richard Stamm as its new Network Vice Chairman, Tax effective November 1, in which he will lead PwC‘s tax practices globally and will be a member of PwC‘s Network Executive Team (NET). Mr. Stamm succeeds a role previously held by Richard Collier-Keywood, who has been [...]

Probe into Olympus Advisers’ Fee Pushed

Probe into Olympus Advisers’ Fee Pushed

Japanese camera and medical equipment maker Olympus Corp. has paid questionable amount to two advisory firms in relation to a 2008 acquisition, deserving of a legal and regulatory probe. This was according to a report from accounting firm PricewaterhouseCoopers commissioned by Olympus‘s former president Michael C. Woodford, who was ousted by the board for not [...]

PwC Facing Charges from Chilean Banking Regulator, Bloomberg Says

PwC Facing Charges from Chilean Banking Regulator, Bloomberg Says

Accounting firm PricewaterhouseCoopers is facing a lawsuit filed by Chile’s banking regulator, Superintendencia de Bancos e Instituciones Financieras, or SBIF, for deficiencies in its auditing practices of non-banking credit card issuers in the country, Bloomberg reported citing the regulator’s statement posted on its website. PricewaterhouseCoopers has 10 working days to present its defense and after [...]

Lawsuit Against SemGroup, PwC Over Failed Oil Futures Trades Back to Tulsa

Lawsuit Against SemGroup, PwC Over Failed Oil Futures Trades Back to Tulsa

A federal judge has ruled to move a lawsuit against accounting firm PricewaterhouseCoopers (PwC) and SemGroup LP back to Tulsa County District Court in Oklahoma following the eight months of being subject to a federal jurisdiction. Privately held SemGroup was an oil, gas and asphalt storage and transport company that saw its revenues rising until [...]

Business Strategies Actually Have Carbon Emission Actions – PwC

Business Strategies Actually Have Carbon Emission Actions – PwC

For the first time in the ten-year history of the annual Carbon Disclosure Project (CDP) Global 500 report, it was found that there actually have been carbon emission reduction efforts embedded in business strategies. The 2011 edition of the annual Carbon Disclosure Project (CDP) Global 500 reportexamines carbon reduction activities at the world’s largest public [...]

Experts Call for Reassessment of Reporting System

Experts Call for Reassessment of Reporting System

Corporate reporting experts have called for a serious reassessment of the reporting system which can benefit investors by showing how factors like environmental, social and governance can be “hard-wired into a reframed reporting model.” Responding to the International Integrated Reporting Committee’s (IIRC) release of its discussion paper today, PwC underlines the opportunity it creates for [...]