Pricewaterhousecoopers
China to impose six-month business ban on PwC over its Evergrande audit
PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure
 "China to impose six-month business ban on PwC over its Evergrande audit")
PwC names in-house executive as its new China head amid regulatory scrutiny
PwC said in a statement to Reuters on Wednesday that Shanghai-based Li assumed the role of chairman of PwC China and Asia Pacific with effect from July 1
More people want to switch jobs now than in 'Great Resignation': PwC survey
According to the consultancy's '2024 Hopes and Fears' survey, 28 per cent of workers said they are 'extremely or very likely' to change their employers
 "More people want to switch jobs now than in 'Great Resignation': PwC survey")
China considers record penalty for PwC over Evergrande auditing work
PwC has been under the spotlight after China launched one of the biggest investigations of financial fraud in history involving developer Evergrande
 "China considers record penalty for PwC over Evergrande auditing work")
UBS still examining the risk of misstatement in Credit Suisse's books
A "material weakness" in how Credit Suisse reported its numbers could signal a significant misstatement in the financial statements
 "UBS still examining the risk of misstatement in Credit Suisse's books")
China looking into PwC's role in $78 billion Evergrande fraud case
No decision has been made on whether to penalize the auditor
 "China looking into PwC's role in $78 billion Evergrande fraud case")
Big 4 push the tech button, look to expand IT service presence in India
The big four are best known for their accounting and audit services globally. However, with time, they have added several more services to their work
 "Big 4 push the tech button, look to expand IT service presence in India")
Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India
Asha is a qualified chartered accountant (CA), and Parthasarthy is a Financial Services industry veteran
 "Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India")
Ashneer Grover resigned after receiving Board meet agenda on PwC probe
Ashneer Grover's 9.5% stake in the company might be clawed back as it is on the Board's agenda to deliberate on the issue in the meeting tonight.
 "Ashneer Grover resigned after receiving Board meet agenda on PwC probe")
Big four professional services firms see big growth post Covid-19
Tech adoption by businesses, rise of unicorns, M&A activity drive gains
 "Big four professional services firms see big growth post Covid-19")
Chennai-based UDS buys majority stake in global sales enablement co Denave
Deal value not disclosed; PwC was financial advisor for the transaction
 "Chennai-based UDS buys majority stake in global sales enablement co Denave")
PwC to assist Snapdeal with its environment, social & governance programmes
As part of the engagement, PwC would assist Snapdeal to define the overall ESG vision
 "PwC to assist Snapdeal with its environment, social & governance programmes")
PwC offers 40,000 US employees full-time remote work permanently
The policy is a departure from the accounting industry's rigid attitudes, known for encouraging people to put in late nights at the office
ICC CEO Manu Sawhney sent on 'leave'; may resign before term ends
ICC Chief Manu Sawhney has been sent on "leave" after his conduct came under the scanner during an internal investigation by audit firm PricewaterhouseCoopers and may resign before his term ends
 "ICC CEO Manu Sawhney sent on 'leave'; may resign before term ends")
Separate audit units from other biz by June 2024: UK watchdog to Big Four
Auditors are under greater regulatory scrutiny than ever after a serious of high-profile lapses in recent years
 "Separate audit units from other biz by June 2024: UK watchdog to Big Four")
3 agencies qualify tech round for assisting DPIIT in start up initiatives
Three consultancy agencies - PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the Department for Promotion of Industry and Internal Trade (DPIIT) in effective and on ground implementation of initiatives for startups. In March, the department had invited a request for proposal (RFP) for the appointment of a consulting agency for Startup India, following which four consultancy firms bid. According to the minutes of a meeting that was held on June 26 to evaluate the preliminary proposals, these three firms have scored more than 60 marks and are found to be technically qualified. The evaluation committee, Chaired by DPIIT Joint Secretary Anil Agrawal, has "decided to open financial bids for all the qualified applicants on July 6". The minutes stated that Grant Thornton India LLP has failed to obtain minimum marks for technical qualification and "hence disqualified for the opening of its financial bid". The ...
After PW India, Deloitte refuses to offer non-audit services to clients
Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.
 "After PW India, Deloitte refuses to offer non-audit services to clients")
Enforcement Directorate slaps over Rs 230-cr FEMA show cause penalty on PwC
The penalty is amounting to $4,98,42,747 which is equivalent to Rs 2,29,67,21,906, the order accessed by PTI said
Reliance Capital board denies all violations, may drag PwC to court
The board alleged PwC chose not to attend the audit committee meeting on June 12 despite being invited and resigned abruptly
 "Reliance Capital board denies all violations, may drag PwC to court")
US judge orders PwC to pay $625.3 mn to FDIC in Colonial Bank collapse case
The US judge had found PwC liable for negligence in December, after a non-jury trial, and tried the damages issue in March, also without a jury
 "US judge orders PwC to pay $625.3 mn to FDIC in Colonial Bank collapse case")
