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Encyclopedia > PricewaterhouseCoopers

PricewaterhouseCoopers
Type Limited Liability Partnership
Founded 1849, London (in 1998, firm took on current name)
Headquarters New York, New York, U.S. [1]
Key people Dennis Nally, CEO
Industry Professional Services
Products Accounting
Audit
Consulting
Financial advisory
Tax
Revenue Image:green up.png$25.2 Billion USD (2007) [2]
Employees 146,000
Website www.pwc.com
A former PwC office building (Southwark Towers) in London, England.
A former PwC office building (Southwark Towers) in London, England.
The PW logo before the 1998 merger
The PW logo before the 1998 merger
The C&L logo before the merger
The C&L logo before the merger

PricewaterhouseCoopers (or PwC) is one of the world's largest professional services firms. It was formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand, both formed in London.[3] A limited liability partnership (LLP) has elements of partnerships and corporations. ... New York, New York and NYC redirect here. ... This article is about the state. ... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... Professional Services are infrequent, technical, or unique functions performed by independent contractors or consultant whose occupation is the rendering of such services. ... It has been suggested that Accounting scholarship be merged into this article or section. ... For other uses, see Audit (disambiguation). ... For other uses, see Consultant (disambiguation). ... Financial Advice is advice given in relation to financial matters such as investing, insurance, borrowing, saving and retirement planning. ... Taxes redirects here. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... This article is about work. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... Image File history File links Download high-resolution version (768x1024, 219 KB) The PricewaterhouseCoopers office in Southwark Towers, London, England Source: http://www. ... Image File history File links Download high-resolution version (768x1024, 219 KB) The PricewaterhouseCoopers office in Southwark Towers, London, England Source: http://www. ... Southwark Towers, London Southwark Towers is a skyscraper near London Bridge station, in Southwark, London. ... This article is about the capital of England and the United Kingdom. ... For other uses, see England (disambiguation). ... Image File history File links COaLY.gif Licensing File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links COaLY.gif Licensing File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Professional Services are infrequent, technical, or unique functions performed by independent contractors or consultant whose occupation is the rendering of such services. ... This article is about the capital of England and the United Kingdom. ...


PricewaterhouseCoopers earned aggregated worldwide revenues of $25 billion[4] for fiscal 2007, and employed over 146,000 people[5] in 150 countries.[5]


In the United States, where it is the third largest privately owned organization, it operates as PricewaterhouseCoopers LLP.[6] A private company is a company that is independently owned. ... A limited liability partnership (LLP) has elements of partnerships and corporations. ...


PricewaterhouseCoopers is a Big Four auditor, alongside KPMG, Ernst & Young and Deloitte Touche Tohmatsu. The Big 4, sometimes written as the Big Four, are the four largest international accountancy and professional services firms, which handle the vast majority of audits for publicly traded companies as well as many private companies. ... KPMG is one of the largest professional services firms in the world. ... Ernst & Young is one of the largest professional services firms in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte) and KPMG. Ernst & Young is a global organization consisting of many member firms. ... Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte. ...

Contents

History

The firm was created by the merger of two large firms "Price Waterhouse" and "Coopers & Lybrand". These two firms each had histories dating back to the nineteenth century.


Price Waterhouse

Samuel Lowell Price, an accountant, started his practice in London in 1849.[7] In 1865 Price went into partnership with William Hopkins Holyland and Edwin Waterhouse. Holyland left shortly after to work alone in accountancy and the firm was known from 1874 as Price, Waterhouse & Co.[7] (The '& Co' and comma were dropped from the name much later.) The original partnership agreement, signed by Price, Holyland and Waterhouse could be found in Southwark Towers-(now under demolition), one of PwC's important legacy offices in London. Accountant, or Qualified Accountant, or Professional Accountant, is a certified accountancy and financial expert in the jurisdiction of many countries. ... This article is about the capital of England and the United Kingdom. ... Year 1849 (MDCCCXLIX) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Saturday of the 12-day slower Julian calendar). ... Year 1865 (MDCCLXV) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday of the 12-day slower Julian calendar). ... Edwin Waterhouse (1841-1917) was an English accountant. ... Year 1874 (MDCCCLXXIV) was a common year starting on Thursday (link with display the full calendar) of the Gregorian calendar (or a common year starting on Saturday of the 12-day slower Julian calendar). ... Southwark Towers, London Southwark Towers is a skyscraper near London Bridge station, in Southwark, London. ...


By the late nineteenth century, Price Waterhouse had gained significant recognition as an accounting firm. As a result of trade between the United Kingdom and the United States of America, Price Waterhouse opened an office in New York in 1890,[7] and the American firm itself soon expanded rapidly. The original British firm opened an office in Liverpool in 1904[7] and then elsewhere in the United Kingdom and countries abroad, each time establishing a separate partnership in each country: the worldwide practice of PW was therefore a federation of collaborating firms that had grown organically rather than being the result of an international merger.[7] Motto: (traditional) In God We Trust (official, 1956–present) Anthem: The Star-Spangled Banner Capital Washington, D.C. Largest city New York City Official language(s) None at the federal level; English de facto Government Federal Republic  - President George W. Bush (R)  - Vice President Dick Cheney (R) Independence - Declared - Recognized... This article is about the state. ... For other uses, see Liverpool (disambiguation). ... 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ...


In a further effort to take advantage of economies of scale, PW and Arthur Andersen had discussed a merger in 1989[8] but the negotiations failed mainly because of conflicts of interest such as Andersen's strong commercial links with IBM and PW's audit of IBM. The increase in output from Q to Q2 causes a decrease in the average cost of each unit from C to C1. ... For the U.S. Supreme Court case commonly known as Arthur Andersen, see Arthur Andersen LLP v. ... For other uses, see IBM (disambiguation) and Big Blue. ...


Coopers & Lybrand

In 1854 William Cooper established his own practice in London, which became Cooper Brothers seven years later when his three brothers joined.[9] For the board game, see 1854 (board game). ...


In the USA in 1898 Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross formed Lybrand, Ross Brothers and Montgomery.[3] Coopers & Lybrand is the result of a merger in 1957 between Cooper Brothers & Co; Lybrand, Ross Bros & Montgomery and a Canadian firm McDonald, Currie and Co.[3] In 1990 in certain countries including the UK Coopers & Lybrand merged with Deloitte Haskins & Sells.[3] Year 1898 (MDCCCXCVIII) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Monday of the 12-day-slower Julian calendar). ... This article is about the year. ...


Merger

In 1998 Price Waterhouse and Coopers & Lybrand merged to form PricewaterhouseCoopers in an attempt to gain a scale that would put the new firm in a different league.[10]


Sarbanes-Oxley Act

The 2002 indictment of Enron and WorldCom and the subsequent collapse of Arthur Andersen resulted in calls for stringent U.S. Securities and Exchange Commission rules on auditor independence.[11] One such result was the adoption of the Sarbanes-Oxley Act, which required auditor independence and separation of core audit from general consulting. This forced many of the Big Four to divest their interests in management consulting. However, a major part of the firm's practice is still to provide business advice in addition to its auditing services, notably in taxation and corporate finance.[12] Enron Creditors Recovery Corporation (formerly Enron Corporation) (former NYSE ticker symbol: ENE) was an American energy company based in Houston, Texas. ... For a time, WorldCom (WCOM) was the United States second largest long distance phone company (AT&T was the largest). ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... Before the signing ceremony of the Sarbanes-Oxley Act, President George Bush meets with Senator Paul Sarbanes, Secretary of Labor Elaine Chao and other dignitaries in the Blue Room at the White House on July 30, 2002. ...


Structure and Service Lines

PricewaterhouseCoopers offices at Darling Park Tower 2 in Sydney, Australia.
PricewaterhouseCoopers offices at Darling Park Tower 2 in Sydney, Australia.

The legal structure of a limited liability partnership is very different to that of a company, and as such the global firm is in fact a collection of member firms, that are run autonomously in their respective jurisdictions. The senior partners of member firms sit on a global board of partners and there is also an 'umbrella' organisation called PricewaterhouseCoopers International Limited, a UK -based company which provides co-ordination. The current global CEO is Samuel DiPiazza.[13] Image File history File links Download high-resolution version (768x1024, 219 KB) The PricewaterhouseCoopers building in Sydney, Australia. ... Image File history File links Download high-resolution version (768x1024, 219 KB) The PricewaterhouseCoopers building in Sydney, Australia. ... This article is about the metropolitan area in Australia. ... For other uses, see Corporation (disambiguation). ... An autonomous (subnational) entity is a subnational entity that has a certain amount of autonomy. ... This article does not cite any references or sources. ... A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business undertaking in which all have invested. ... Chief Executive redirects here. ... Samuel A. DiPiazza, Jr. ...


PricewaterhouseCoopers has three main service lines:[14]

  • Audit and Assurance,
  • Tax, (international tax planning and compliance with local tax laws, transfer pricing)
  • Advisory and Consulting which covers Performance Improvement, Transactions and M&A and Crisis Management in a range of specialist areas such as accountancy and actuarial advisory.

PwC's service lines face the market in each country by broad industry specializations such as: A financial audit, or more accurately, an audit of financial statements, is the examination by an independent third party of the financial statements of a company or any other legal entity (including governments), resulting in the publication of an independent opinion on whether or not those financial statements are relevant... Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes. ... Transfer pricing refers to the pricing of goods and services within a multi-divisional organization, particularly in regard to cross-border transactions. ... 2003 US mortality (life) table, Table 1, Page 1 Actuarial science applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. ...

  • Consumer and Industrial Products and Service (CIPS),[15]
  • Financial Services (FS),[16]
  • Technology, Information, Communications and Entertainment (TICE),[17]
  • Government & Public Sector (G&PS)[18]

These sub-divisions may vary slightly in some territories.


Clientele

PricewaterhouseCoopers new Melbourne offices at Freshwater Place.
PricewaterhouseCoopers new Melbourne offices at Freshwater Place.

Europe and North America account for about 81% of PwC's annual revenue,[4] with Europe alone accounting for 45%.[4] The firm's dominant practice is auditing which accounts for over 50% of PwC's revenue.[14] This article is about the Australian city; the name may also refer to City of Melbourne or Melbourne city centre (also known as The CBD). ... Freshwater Place is a 62 floor residential skyscraper in the Southbank district of Melbourne, Australia. ... For other uses, see Europe (disambiguation). ... North American redirects here. ...


As of March 2005, PricewaterhouseCoopers' audit clients included four of the 10 largest public companies in the United States (ExxonMobil, Ford Motor Company, ChevronTexaco and IBM). PwC also audits four of the 10 largest companies in the United Kingdom (GlaxoSmithKline, Royal Dutch Shell, Barclays and Lloyds TSB). For other uses, see Exon (disambiguation). ... “Ford” redirects here. ... ChevronTexaco Corporation ( NYSE: CVX) is one of the worlds largest global energy companies. ... For other uses, see IBM (disambiguation) and Big Blue. ... GlaxoSmithKline plc (LSE: GSK NYSE: GSK) is a United Kingdom based pharmaceutical, biological, and healthcare company. ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ... Barclays Bank is the fourth largest bank in the United Kingdom. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, which was created in 1995 following the merger of the TSB Group and the Lloyds Bank Group. ...


One client, the Academy of Motion Picture Arts and Sciences, gives PwC the unique distinction of having been (in various incarnations) the tabulator and certifier of votes for the Academy Awards since 1934.[19] Fairbanks Center for Motion Picture Study building on La Cienega Boulevard in Beverly Hills, California Pickford Center for Motion Picture Study in the Hollywood, district. ... Academy Award The Academy Awards, popularly known as the Oscars, are the most prominent and most watched film awards ceremony in the world. ...


PwC audits 40 per cent of companies in the FTSE 100 Index[20] and 45 per cent of the Fortune 1000.[21] The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. ... Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. ...


The following are PwC audit clients that are part of the FT Global 500 (2006), grouped by FT industry


Aerospace & defence: Raytheon, United Technologies, L-3 Communications Corporation
Automobiles & parts: Toyota Motor, Volkswagen, Peugeot, Robert Bosch GmbH, Ford
Banks: Al Rahji Banking & Investment, Bank of America, Bank of China (Hong Kong), Bank of Ireland, Banco Itau, Banco Popular Español, Barclays, Crédit Agricole, BB&T, BNP Paribas, BradescoSamba Financial, Commerzbank, Dexia, DnB NOR, Firstrand Bank Limited, Fortis, Goldman Sachs, JP Morgan Chase, Lloyds TSB, Macquarie Bank, Riyad Bank, Sanpaolo IMI, Sberbank (Russia), SEB, Standard Bank, Suntrust Banks, Westpac Banking Corporation
Beverages: Anheuser-Busch, Miller, SAB
Chemicals: Albemarle, Bayer, E.I. du Pont de Nemours, Praxair, Shin Etsu Chemical, Rohm & Haas
Electricity: Chubu Electric Power, FirstEnergy, Exelon, Unified Energy System, ATCO
Electronic & electrical equipment: Agilent Technologies, Kyocera, LG Philips LCD, Logitech
Fixed line telecommunications: BellSouth, BT Group, Deutsche Telekom, Etisalat, KPN, Nippon Telegraph and Telephone, PT. Telekomunikasi Indonesia Tbk., Saudi Telecom
Food & drug retailers: Krispy Kreme, Seven & I Holdings Co., Tesco
Food producers: Danone, Kellogg, Unilever
Gas, water & multiutilities: Centrica, E.ON, RWE, National Grid plc
General financial: American Express, Freddie Mac, Franklin Resources, Goldman Sachs, Nikko Cordial, SLM
General industrials: 3M, Honeywell International, Hutchison Whampoa
General retailers: eBay, GUS, Marks & Spencer, John Lewis Partnership
Healthcare equipment & services: Baxter International, HealthSouth Corporation, Medco Health Solutions, Medtronic, Zimmer Holdings, Southern Cross Healthcare
Household goods: Reckitt Benckiser
Industrial engineering: Caterpillar, Volvo
Industrial metals: Alcan, Alcoa, Nippon Steel, Nucor, POSCO, Tenaris
Industrial transportation: Burlington Northern Santa Fe Corp., Deutsche Post
Leisure goods: Nintendo
Life insurance: Legal & General, Protective Life Corporation, Prudential Financial
Media: CBS, Thomson, Viacom, Walt Disney, Pearson
Mining: Barrick Gold, Newmont Mining, Rio Tinto
Mobile telecommunications: Alltel, Bharti Tele-Ventures, KDDI, MTN Group, Sonera, Telia, China Unicom, Vodafone
Nonlife insurance: Ace, American International Group, AMB Generali, AXA, Millea Holdings, Progressive Corporation, Swiss Re, Zurich Financial Services
Oil & gas producers: BG, Burlington Resources, Canadian Natural Resources Ltd, Exxon Mobil, Chevron, EnCana Corporation, Eni, Gazprom, Imperial OilSuncor Energy, Marathon Oil, Royal Dutch Shell, Shell Canada, Stuart Petroleum
Oil equipment & services: Schlumberger
Personal goods: Colgate-Palmolive, L'Oreal, Nike, Richemont
Pharmaceuticals & biotechnology: Biogen Idec, Bristol-Myers-Squibb, Genzyme, GlaxoSmithKline, Johnson & Johnson, Merck & Co., Novartis, Novo Nordisk, Sanofi-Aventis, Teva Pharmaceutical Industries, Wyeth
Retail: Abercrombie & Fitch
Software & computer services: IBM, Yahoo!
Sports: Laureus World Sports Awards
Technology hardware & equipment: Cisco Systems, Corning Inc., Dell, EMC Corporation, Ericsson, Hon Hai Precision Industry, Nokia, Qualcomm, Samsung Electronics, STMicroelectronics
Tobacco: Altria, British American Tobacco, Imperial Tobacco, ITC
Travel & leisure: Carnival, Las Vegas Sands, SKYCITY Entertainment Group
Primary Industries: ABB Grain Limited Raytheon Company (NYSE: RTN) is a major American defense contractor and industrial corporation with core manufacturing concentrations in defense systems and defense and commercial electronics. ... United Technologies Corporation (UTC) (NYSE: UTX) is a major multinational corporation based in Hartford, Connecticut. ... Toyota redirects here. ... VW redirects here. ... Peugeot is a major French car brand, part of PSA Peugeot Citroën. ... Logo of Robert Bosch GmbH Robert Bosch GmbH [1] is a German corporation which was started in 1886 by Robert Bosch in Stuttgart, Germany. ... Ford may mean a number of things: A ford is a river crossing. ... Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: ; Traditional Chinese: ; pinyin: ; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... My wife and I went to visit our daughter in the UK. I used my Ulster Bank credit card and wasnt charged any extra fees. ... Banco Itaú it is a private-owned bank with its headquaters in Sao Paulo, Brazil. ... Banco Popular Español, S.A., (IBEX-35:POP) is the third largest banking group in Spain. ... Barclays Bank is the fourth largest bank in the United Kingdom. ... Logo Credit Agricole Crédit Agricole SA (CASA) (Euronext: ACA) is the largest banking group in France, fourth biggest in Europe and the sixth largest in the world according to Global Finance magazine. ... The BB&T Corporation (NYSE: BBT) is one of Americas largest banks, offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international banking, leasing, and trust. ... BNP Paribas (Euronext: BNP, TYO: 8665) is one of the main banks in Europe. ... This article is about the bank headquartered in Frankfurt, Germany. ... Dexia (Euronext: DEXB, Euronext: DX) is a Belgian-French financial institution, specialized in public finance. ... DnB NOR (OSE: DNBNOR) is Norways largest financial services group with total assets of more than NOK 1. ... Fortis may refer to Fortis (phonetics), a linguistic term Fortis (finance), a financial services company, based in Belgium and the Netherlands Fortis Inc. ... The Goldman Sachs Group, Inc. ... J.P. Morgan Chase & Co. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, which was created in 1995 following the merger of the TSB Group and the Lloyds Bank Group. ... Macquarie Bank Limited is an Australian merchant bank and financial services group, providing a broad range of products and services to investors, corporations and government. ... The Gruppo Sanpaolo IMI is one of Italys major banking and insurance groups and it is based in Turin. ... Sberbank is the largest bank in the Russian Federation. ... SEB or Skandinaviska Enskilda Banken AB, is a North-European financial group for corporate customers, institutions and private individuals. ... Standard Bank of South Africa is South Africas biggest banking group. ... SunTrust Headquarters at SunTrust Plaza in Atlanta, GA. SunTrust Banks, Inc. ... Westpac Banking Corporation, usually called Westpac, is the fourth largest bank in Australasia, after the National Australia Bank, Commonwealth Bank and ANZ Bank and one of the largest banks in the South Pacific. ... Anheuser-Busch Companies, Inc. ... Miller Brewing Company is the second largest American beermaker and is based in Milwaukee. ... South African Breweries was founded in 1895 by Jacob Letterstedt specifically to serve a new market of miners and prospectors in and around Johannesburg. ... Albemarle may refer to: The town of Albemarle, North Carolina in the United States. ... Bayer AG (IPA pronunciation //) (ISIN: DE0005752000, NYSE: BAY, TYO: 4863 ) is a German chemical and pharmaceutical company founded in Barmen, Germany in 1863. ... This article is about E.I. du Pont de Nemours and Company. ... Praxair logo. ... Rohm and Haas Co (NYSE: ROH), a Philadelphia, Pennsylvania based company, manufactures miscellaneous materials. ... FirstEnergy provides power, natural gas and services to parts of Ohio, Pennsylvania and New Jersey. ... This article is about the Exelon Corporation. ... The Unified Energy System (UES) is Russias state electric power monopoly. ... This article is about the Canadian engineering company. ... Agilent Technologies (NYSE: A) (Agilent for short) is a measurement and instrument company headquartered in Santa Clara, California. ... Kyocera Corporation ) (TYO: 6971 , NYSE: KYO) is a Japanese company based in Kyoto, Japan. ... LG Philips LCD is a joint venture formed by LG and Philips in 1999 to manufacture active matrix LCD. Constantly competing with Samsung to be the number one supplier of LCD displays. ... This article or section does not cite any references or sources. ... BellSouth Corporation was an American telecommunications holding company based in Atlanta, Georgia. ... BT Group plc (formerly British Telecommunications plc) which trades as BT (pronounced Bee tee) (also previously as British Telecom and is still commonly known as such amongst the general public) is the privatised UK state telecommunications operator. ... DTAG corporate headquarters, Bonn Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496) (English translation: German Telecom) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. ... Emirates Telecommunications Corporation, also known as Etisalat (former Emirtel), is the incumbent telecommunications carrier and Internet Service Provider in the United Arab Emirates. ... KPN (in full Koninklijke KPN N.V., Royal KPN NV) (NYSE: KPN) is a Dutch fixed-line and mobile telecommunications company, including both 2G and 3G mobile operations. ... Nippon Telegraph and Telephone (日本電信電話 Nippon Denshin Denwa) is a telephone company that dominates the telecommunication market in Japan. ... PT Telekomunikasi Indonesia (PT. Telkom or just Telkom, formerly Perumtel. ... Saudi Telecom Company (STC) is a Saudi Arabia-based telecommunications company that offers landline, mobile and Internet services. ... Krispy Kreme is a chain of doughnut stores. ... Seven & I Holdings Co. ... , For other uses, see Tesco (disambiguation). ... Danone factory in BieruÅ„, Poland Danone (Euronext: BN, NYSE: DA) (known as Dannon in the United States) is a food-product company with its central headquarters in Paris, France. ... For other things with Kellogg in the name, see Kellogg (disambiguation). ... Unilever is a widely listed [2] [3] multi-national corporation, formed of Anglo-Dutch parentage, that owns many of the worlds consumer product brands in foods, beverages, cleaning agents and personal care products. ... Centrica plc (LSE: CNA) is a large multinational utility company, based in the United Kingdom but also with interests in North America and Europe. ... E.ON AG (ISIN: DE0007614406, NYSE: EON, LSE: EON) , based in Düsseldorf, Germany, is an energy corporation, one of the 30 members of the DAX stock index of major German companies. ... RWE AG, until 1990 named Rheinisch-Westfälisches Elektrizitätswerk AG, is a German public utility and electric power company based in Essen. ... A National Grid van working in central England National Grid plc is a United Kingdom based utilities company which also operates in other countries, principally in the United States. ... American Express (NYSE: AXP), sometimes known as AmEx or Amex, is a diversified global financial services company, headquartered in New York City. ... The Federal Home Loan Mortgage Corporation (Freddie Mac) (NYSE: FRE) is a stockholder-owned, publicly-traded company chartered by the United States federal government in 1970 to purchase mortgages and related securities, and then issues securities and bonds in financial markets backed by those mortgages in secondary markets. ... Franklin Resources Inc. ... The Goldman Sachs Group, Inc. ... Nikko Cordial Corporation ) (TYO: 8603 , SGX: N06) is a major Japanese brokerage firm and is the holding company for Nikko Cordial Securities and other subsidiaries. ... SLM stands for: Selective Level Meter Spatial light modulator Sudan Liberation Movement the ATA Airport Code for the spanish city Salamanca This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 3M Company (NYSE: MMM), formerly Minnesota Mining and Manufacturing Company until 2002, is an American corporation with a worldwide presence. ... Honeywell (NYSE: HON) is a major American multinational corporation that produces electronic control systems and automation equipment. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ... This article is about the online auction center. ... GUS plc (LSE: GUS) is a FTSE 100 retailing group based in the United Kingdom. ... Marks & Spencer Group plc (also M&S, Marks and Sparks and Marks) is a British retailer, with 760 stores in more than 30 countries around the world. ... For the former (1856-1991) unrelated UK department store, see Lewiss. ... Baxter International Inc. ... HealthSouth Corporation NYSE: HRC, based in Birmingham, Alabama, is the USs largest healthcare services provider. ... Medco Health Solutions (NYSE:MHS) is one of the top pharmacy benefits management companies in the US, serving some 65 million members. ... Medtronic, Inc. ... Zimmer Holdings Inc. ... Reckitt Benckiser plc is one of the worlds leading manufacturers of cleaning products, and a member of the FTSE 100 Index of the largest companies traded on the London Stock Exchange. ... For other uses, see Caterpillar (disambiguation). ... Volvo Cars is the luxury car maker using the Volvo Trademark. ... Alcan (ALaska CANada) is also one of the common names for the Alaska Highway that connects Dawson Creek, British Columbia, with Fairbanks, Alaska. ... This article is about the company. ... The Nippon Steel Corporation (Japanese 新日本製鐵), formed in 1970, is one of the worlds major steel producing companies. ... Nucor Corporation (NYSE: NUE) is one of the largest steel producers in the United States, and the largest of the mini-mill operators (those using electric arc furnaces to melt scrap steel, as opposed to companies using traditional blast furnace technology). ... The Pohang Iron and Steel Company, or POSCO (KSE: 005490) (NYSE: PKX) (TYO: 5412 ) (LSE: PIDD), based in Pohang, South Korea, is the third largest steel producer in the world. ... Tenaris [TS: NYSE, Buenos Aires, Mexico and TEN: MTA Italy] is a company that is a global manufacturer and supplier of seamless and welded steel pipe products and provider of pipe handling, stocking and distribution services to the oil and gas, energy and mechanical industries. ... Burlington Northern Santa Fe Corporation NYSE: BNI is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). ... Deutsche Post Tower in Bonn Deutsche Post AG (ISIN: DE0005552004, LSE: DPO) is a German post, logistics and courier headquartered in Bonn, previously the German state-owned mail monopolist. ... For the video game system, see Nintendo Entertainment System. ... Legal & General Group Plc is a British based financial services company that provides life, health and other insurance, as well as pensions and investments. ... Protective Life Corporation, headquartered in Birmingham, Alabama, is a Fortune 1000 holding company whose subsidiaries provide financial services through the production, distribution, and administration of insurance and investment products. ... This article refers to Prudential Financial, based in the United States. ... This article is about the broadcast network. ... Thomson has several meanings: thomson (unit), a unit for mass-to-charge ratio, symbol: Th Thomson SA, formerly known as Thomson Multimedia, a French electronics manufacturer and media services provider Thomson-CSF, former name for the company Thales Group The Thomson Corporation, a large worldwide Canadian-based information services company... Viacom (NYSE: VIA) (NYSE: VIAb) is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). ... For the company founded by Disney, see The Walt Disney Company. ... Pearson is a surname, and may refer to many people. ... Barrick Gold Corporation TSX: ABX NYSE: ABX is the largest gold mining company in the world, with its headquarters in Toronto, Canada It currently maintains operating mines and development projects in the United States, Canada, Australia, Peru, Chile, Argentina and Tanzania. ... Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is the worlds second-largest producer of gold, with active mines in Canada, Bolivia, Australia, Indonesia, New Zealand, Turkey, Peru and Uzbekistan. ... Rio Tinto may refer to: Rio Tinto (Paraíba), in Paraíba State, Brazil. ... Alltel Corporation is the fifth largest wireless telecommunications network in the United States with over 13 million customers. ... Bharti Telecom ,a Fortune 2000 company ,is among Indias largest mobile phone operator. ... 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PwC Japan's Assurance (Audit) Service

The Kasumigaseki Building in Kasumigaseki, Tokyo houses PwC Japan Tax Services and PwC HRS. Assurance and advisory services are in Marunouchi, Tokyo.
The Kasumigaseki Building in Kasumigaseki, Tokyo houses PwC Japan Tax Services and PwC HRS. Assurance and advisory services are in Marunouchi, Tokyo.

The member firm PricewaterhouseCoopers Aarata (あらた監査法人 PricewaterhouseCoopers Aarata?) and a network firm Misuzu Audit Corporation (the former ChuoAoyama PricewaterhouseCoopers) (みすず監査法人 Misuzu Kansa Hōjin?) provided auditing services in Japan. Misuzu dissolved in July, 2007. Image File history File linksMetadata Download high-resolution version (1536x2048, 845 KB) Kasumigaseki Building, Tokyo. ... Image File history File linksMetadata Download high-resolution version (1536x2048, 845 KB) Kasumigaseki Building, Tokyo. ... For other uses, see Tokyo (disambiguation). ...


From 2000 to 2006, PwC's affiliate of assurance service in Japan was ChuoAoyama Audit Corporation (中央青山監査法人 Chūō-Aoyama Kansa Hōjin?). In May 2006, the Financial Services Agency suspended ChuoAoyama following a suspicious audit of cosmetics company Kanebo in which three of the firm's partners allegedly assisted with accounting fraud and boosted earnings for the company by about $1.9 billion over the course of five years. The accountants involved were reprimanded by the Tokyo District Court but escaped prison time after a judge deemed them to have played a "passive role" in the crime.[22]


Shortly after the suspension of ChuoAoyama, PwC acted quickly to stem any possible client attrition as a result of the scandal. It set up the PricewaterhouseCoopers Aarata, and some of ChuoAoyama's accountants (but most of the international divisions) moved to the new firm. ChuoAoyama resumed operations on September 1 under the Misuzu name. However, by this point the two firms combined had 30% fewer clients than did ChuoAoyama prior to its suspension.[23]


Staff

Because PwC's only product is the output of its employees, the firm has a competitive recruiting program. PricewaterhouseCoopers was recently included in Fortune magazine's "100 Best Companies to Work For" list, coming in at number 58 in 2007.[24] In the UK PwC has been voted number one in the Times Top 100 Graduate Employers for 4 consecutive years.[25] PricewaterhouseCoopers is one of the top 10 companies for working mothers.[26] In 2007, PwC's Canadian practice was named one of Canada's Top 100 Employers, as published in Maclean's magazine, one of only a handful of professional services firms to receive this honor.[27] PwC in Ireland was named as the winner of the Best Company to Work for in Ireland 2008 by the Great Place to Work Institute in their annual list of Ireland's top employers.[28] Categories: Magazines stubs | Time Warner subsidiaries | Business magazines ... Canadas Top 100 Employers is an annual competition that recognizes the best places in Canada to work. ... A cover of the Canadian magazine Macleans. ...


Consulting activities

Screenshot of the PwC Consulting webpage indicating the IBM merger
Screenshot of the PwC Consulting webpage indicating the IBM merger

Though the firm's core business is audit, it had created a large professional consulting branch, as did other major accountancy firms, generating much of its fees. Management Consulting Services (MCS) was the fastest growing and often most profitable area of the practice, though it was cyclical. The major cause for growth in the Nineties was the implementation of complex integrated ERP systems such as SAP R/3 for multi-national companies. Image File history File linksMetadata Pwc_Consulting. ... Image File history File linksMetadata Pwc_Consulting. ... For other uses, see Audit (disambiguation). ... For other uses, see Consultant (disambiguation). ... Enterprise resource planning (ERP) systems attempt to integrate several data sources and processes of an organization into a unified system. ... SAP R/3 is the former name of the main enterprise resource planning software produced by SAP AG. Its new name is SAP ERP. // The first version of SAPs flagship enterprise software was a financial Accounting system named R/1. ...


However, PwC came under increasing pressure to avoid conflicts of interests by not providing consulting services to its audit clients. Since it audited a large proportion of the world's largest companies, this was beginning to limit its potential market. These conflicts were going to increase when additional services such as the outsourcing of ERP systems were offered. For these reasons, in 2000, Ernst & Young was the first of the Big Four to sell its consulting services, to Capgemini.[29] Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. ... Ernst & Young is one of the largest professional services firms in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte) and KPMG. Ernst & Young is a global organization consisting of many member firms. ... The Big 4, sometimes written as the Big Four, are the four largest international accountancy and professional services firms, which handle the vast majority of audits for publicly traded companies as well as many private companies. ... Capgemini (Euronext: CAP) is a major French company, one of the worlds largest information technology, management consulting, outsourcing and professional services companies with a staff of 75,000 operating in 30 countries. ...


PwC therefore planned to capitalize on MCS's rapid growth through its sale to Hewlett Packard (for a reported $17 billion) but negotiations broke down in 2000.[30] HP may refer to: Handley