Hints and tips:
Related Special Reports
...PwC departed from the industry’s historic model of having tax as a standalone business unit in 2021, when Ryan split the almost 1,000 US tax partners between the firm’s accounting and consulting arms....
...State media reports in China at the time said the consulting firm did contribute to healthcare reforms unveiled in 2009....
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
...Son soon decided to rebuild Friedman’s mansion, landing his SV Projects LLC at the centre of controversy in the little town of Woodside....
...Neil Dhar, who had been considered a frontrunner to replace Tim Ryan as US senior partner, was removed as a candidate in December and dropped from his role as co-leader of the US consulting business, said...
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector that has been fast expanding beyond traditional tax and accounting into consulting...
...Gallup, the polling and consulting group, is pulling out of China, making it the latest foreign company to retrench from the country amid rising scrutiny of western consultancies and whipsawing geopolitical...
Hellman & Friedman-led deal is largest in a sector reconsidering its partnership model
...While spinning out divisions into separate entities frees them from conflict of interest restrictions within the Big Four audit and consulting firms, some partners are sceptical of the benefits when weighed...
...US head of consulting Mohamed Kande and UK-based Carol Stubbings, who leads PwC’s tax and legal services division globally, were among the strongest candidates to have challenged Ryan to succeed Moritz,...
...The firm’s largest business, consulting, continued to be its fastest growing, posting revenues up 19.1 per cent in local currency, to $29.6bn....
...PwC boss Tim Ryan tried and failed to get all the Big Four firms to make a common pledge on these issues....
...McKinsey claimed in marketing materials that it had advised the Chinese central government on boosting domestic consumption and reforming healthcare policy, raising fresh questions over the consulting firm...
...“This is alongside our work to fast-track investment and hold water companies more accountable — including consulting on a ban on bonuses and bringing in a fourfold increase in inspections.”...
...Additional reporting by Ryan McMorrow in Beijing...
...It raises fresh questions over the consulting firm’s denial that it ever worked for Beijing....
...“Tax and audit work is being replaced by technology and the lowest price is winning, hence the transformation to consulting and advisory services....
...The company’s caution in consulting the authorities arises from Beijing’s response to the $4.4bn IPO of ride-hailing provider Didi....
...In October, the Financial Times reported that Deloitte was planning to axe about 150 junior consulting roles as part of its initial redundancy round....
...The Big Four accounting and consulting firm first launched the internal tool, called “PairD”, in the UK in October, in the latest sign of professional services firms rushing to adopt AI....
...“We have really good competitors but what they do is up to them,” said Tim Ryan, senior partner of PwC US....
...The race to succeed him was thrown open earlier this month when Tim Ryan, his successor as head of PwC’s US business, decided to pull out of the running....
...A US reorganisation in 2021, which split consulting operations from the audit practice, was not adopted by other PwC businesses....
International Edition