The curious amici curiae brief on behalf of PwC

September 11, 2010 Tax and Ethics
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I’m not a lawyer though I’ve done my share of arguing in front of HM Revenue and Customs General Commissioners and briefing counsel on litigious matters. It can be tough yet rewarding work. Over the weekend Francine McKenna sent me the amicus brief submitted on behalf of AICPA and NYSSCPA in the case of Teachers’ [...]

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PWC India – let's just forget Satyam

October 26, 2009 Tax and Ethics

According to the Economic Times: Price Waterhouse, the Indian affiliate of global accounting firm PricewaterhouseCoopers, has filed a consent application with capital market regulator Sebi as part of an effort to reach an early settlement to the ongoing investigation into the accounting fraud at Satyam… According to people close to the development, Price Waterhouse filed [...]

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Firm Spy: a must read

June 16, 2009 Featured

A wee bit of stumbling about on the Internet yielded Firm Spy. In its own words: Australasian professionals need an outlet to share the real news — and in so doing, to hold their industries and employers to account.  Our mission is simple: to give Australian lawyers, bankers, accountants and consultants a voice and allow [...]

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PWC's blood stained ties

March 29, 2009 General

In a long, angry but well researched piece in the San Francisco Bay View: One of the multinational corporations affiliated with UNHCR is PricewaterhouseCoopers International (PWC), a New York “accounting” firm that earned $US 28.2 billion in revenues in 2008. PWC is also a shareholder involved in the niobium/tantalum (pyrochlore) mine at Lueshe, North Kivu, [...]

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PwC uses own team to independently investigate self

March 18, 2009 General

Have you heard anything more ludicrous than this coming out of India following the Satyam scandal? Pricewaterhousecoopers (PwC) plans to bring in partners from its international affiliates to do an independent audit of its clients in India, besides what is being done by its Indian partners. Duh? Do they think the rest of us are [...]

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PwC implicated in Barclays tax wheeze?

March 17, 2009 General

Earlier today I spoke with Richard Murphy over the Barclays tax avoidance issue. If you’re not familiar, The Guardian claims that Barclays has entered into a series of complex tax avoidance schemes to the tune of $16 BILLION. Barclays lawyers sought a gag order preventing it from reproducing documents it had received from a whistleblower. [...]

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PwC, Berg Kaprow Lewis receive petty cash fines

March 11, 2009 General

PwC and Berg Kaprow Lewis have each been fined the princely sum of £750 by ICAEW for regulatory breaches: The £750 penalty has been incurred by the Big Four firm for inadvertently allowing ‘partners who were not at the time properly appointed as responsible individuals, to take responsibility for and sign audit reports on Charitable [...]

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PwC can't win in Ireland

February 23, 2009 General

The much forecast financial meltdown in Ireland has PWC in the commentators gun sights. The Indepenndent bellows: However, not withstanding its findings into the flaws in the bank, it is clear that the PwC report itself is inadequate. Despite its clear importance in shaping the Government’s decision about the banks, the report did not deal [...]

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PwC to fail?

February 18, 2009 Featured

I have a bet on with Francine McKenna that PwC will be the first of the big firms to fail. While this may seem like idle and irreverent sport to many, it is a serious issue. Quinn Forensics, a specialist firm of forensic accountant poses the question: Is PwC be about to be barred from [...]

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A razzie for obfuscating PwC

February 18, 2009 General

MayorWatch has a piece that looks suspiciously like a retrodden press release. I make no apology for ripping the entire piece because there are bags of nuggets worthy of comment: Figures produced for the City of London show the UK’s financial services sector contributed an estimated £67.8bn to UK government taxes – 13.9% of the [...]

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