PwC

PricewaterhouseCoopers has recruited two prestigious outside board members in what appears to be a first for a Big Four firm: former Commerce Secretary and Kellogg CEO Carlos Gutierrez, and former U.S. Navy Admiral Carol Pottenger.

The U.K. Financial Reporting Council opened an investigation into PricewaterhouseCoopers LLP’s audits of BT Group Plc over three years following an accounting scandal in the carrier’s Italian unit that led to a writedown of 530 million pounds ($687 million).

Many companies are lagging behind on preparations for the new lease accounting standard as they are still working on the revenue recognition standard, according to a pair of new surveys.

Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure.

British Telecom has picked KPMG as its new auditing firm, ending a 33-year relationship with PricewaterhouseCoopers, in the wake of an accounting scandal in the telecommunications giant's Italian unit.

Many businesses are slow-walking to implementing the revenue recognition standard, even as the effective date approaches next year.

A regulatory probe into PricewaterhouseCoopers LLP related to Tesco Plc’s accounting scandal was dropped as the Financial Reporting Council said there was little chance of an adverse finding in the case.

The Big Four firm has added a new corporate asset recovery service offering to its Abandoned and Unclaimed Property practice.

May is Internal Audit Awareness Month. On the off chance that didn’t make it onto your calendar, I’d like to make the case that rethinking internal audit’s potential is time well spent.

H&R Block’s use of IBM’s Watson technology this past tax season is only one sign of the increasing involvement of artificial intelligence in tax preparation, with even Big Four firms like PricewaterhouseCoopers making major investments in AI for servicing their tax clients.

PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

Billion-dollar firms continue to dominate in the audit market.

The Big Four firm's "Access Your Potential" initiative will look to close the financial skills gap in disadvantaged youth.

The Academy of Motion Picture Arts and Sciences has decided to retain PricewaterhouseCoopers as its official Oscar ballot accounting firm, despite the high-profile snafu last month in which the wrong Best Picture winner was announced.

As companies prepare for the new accounting standard that takes effect in 2018, there’s no shortage of apprehension among financial executives.

Accounting firms can learn a lot from how PwC handled the Oscars

PricewaterhouseCoopers has settled a lawsuit with MF Global’s bankruptcy administrator for an undisclosed sum.

The Public Company Accounting Oversight Board has sanctioned a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures involving Sara Lee Corporation.

A pair of former PricewaterhouseCoopers employees received reduced prison sentences after they exposed the secret tax breaks offered by Luxembourg to some multinational companies such as Apple, Ikea, Walt Disney, PepsiCo and Microsoft’s Skype.