Diversity of PricewaterhouseCooper Background: PricewaterhouseCooper(PwC) is a multinational professional service company headquartered in London‚ United Kingdom. It is the world’s largest professional service firm and the largest of the “Big four” accountancy firm measured by 2012 revenue. Operation within 776 cities across 158 countries‚ PwC is not only a well-diversified multinational corporation in terms of geographic location‚ but also in it’s workplace. According to the article
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largest professional services companies. It comprises a network of member firms which operate and provide services under the brand PricewaterhouseCoopers. It provides assurance‚ tax and business consulting services. This company is the head of the big four International Accounting firms‚ and tied for the other three are KPMG‚ Deloitte‚ and Ernst & Young. PWC has operations in 158 countries spanning Europe‚ North America and the Caribbean‚ Asia‚ Australia and Pacific Islands‚ the Middle East and Africa
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principles agent theory. 5. Discuss the relation between the “hard” and “soft” elements of a firm’s corporate culture in the context of this case. 6. Do you think that the problems at Andersen were unique to them or did they exist at the other big accounting firms? Suppose you were top partner at one of the major accounting firms at that time of Andersen’s demise. What actions‚ if any‚ would you take in response? Explain. 7. In 2000‚ the SEC proposed new regulations that would limit consulting
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A. External Influences 1. The area I am currently studying in is accounting‚ but more specifically‚ I am working my way towards a Chartered Accountant title. 2. Economic Factors and Trends A couple of years back‚ as the economy was weakening‚ the unemployment rate was increasing. In 2009‚ in Canada‚ the unemployment rate hit above 8.5%.Since then‚ the unemployment rate has slowly decreased‚ and today it is at 7.6%. A high unemployment rate triggers consumers not to spend money‚ therefore‚ leading
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Bruce Palmer had worked for Moss and McAdams (M&M) for six years and was just promoted to account manager. His first assignment was to lead an audit of Johnsonville Trucks. He was quite pleased with the five accountants who had been assigned to his team‚ especially Zeke Olds. Olds was an Army vet who returned to school to get a double major in accounting and computer sciences. He was on top of the latest developments in financial information systems and had a reputation for coming up with innovative
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Arthur Andersen: Questionable Accounting Practices Arthur Andersen LLP was founded in Chicago in 1913 by Arthur Andersen and partner Clarence DeLany. After 90 years of hard work‚ this accounting firm we become known as one of the Big Five largest accounting firms in the United States. Andersen set standards for the accounting profession and advanced new initiatives on the strength of its then undeniable integrity. By the 1980s‚ standards throughout the industry fell as accountancy firms struggled
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Suggested improvements for the paper. 12 * Suggestions for a future empirical research project 13 Bibliography 14 Summary Research Objectives This paper sets out to look at the importance placed on the client within two “Big 5” professional service firms. It looks at how important the client is‚ particularly to trainee accountants in how they shape their professional identity and behaviour within the company. Finally‚ it considers how the importance placed on the client
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was a consensus that those companies that cultivate cultural dexterity now‚ as a tool for effectively managing diversity‚ will be better equipped to weather today’s many challenges and will have a competitive advantage when the economy recovers. Four practical considerations of cultural dexterity: 1. Complementary skills add value; diverse groups have been shown to outperform those made up exclusively of members who share similar abilities. 2. Innovation is driven by a willingness to consider unique
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Arthur Andersen was one of the ’Big 5 ’ accounting firms‚ the others being PricewaterhouseCoopers (PWC)‚ Deloitte Touche‚ Ernst and Young‚ and KPMG. Throughout the 1980 ’s and 1990 ’s‚ these five companies provided auditing and tax services to most of the west ’s major companies. However‚ in 2002 Arthur Andersen ’s licences to practice as Certified Public Accountants (CPA ’s) in the US were voluntarily surrendered by the company in the wake of criminal charges relating to the Enron scandal. Although
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Bibliography: Andersen ’s Collapse May Be Boon to Survivors; Industry Officials Predict More Clients‚ Higher Fees for Remaining Big Accounting Firms. (2002‚ August 24). The Washington Post‚ p. 1. Andersen at the center of Enron scandal.. (2002‚ January 20). Chicago tribune‚ p. 1. Demise of Andersen Hurts Prospects for Accounting Students Nationwide.. (2002‚ November 2). Knight
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