Big Four firm PricewaterhouseCoopers is being audited by the Internal Revenue Service for possible tax reporting violations, according to a published report. Specifically, the timing of tax deductions, the management of the Big Four firm's pension plan, and how the firm moved profits between international units (transfer pricing), are reportedly being investigated. The review itself could be completed as soon as this month and the IRS is expected to reach its conclusions by the end of this year.

Officials at PwC and the IRS have declined to comment.

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