Mar 31, 2017

Hollywood gives a second chance to comeback kids at PwC

Accounting giant PwC seems to have learnt that lesson all too well. The Academy of Motion Picture Arts and Sciences announced it had decided to stick with PwC for the Oscar voting process as well as its own taxes and auditing. The same cannot be said for another long-term PwC relationship. BT is pushing ahead with plans to replace PwC with a new auditor after more than 30 years. BT's search for a new auditor to replace PwC highlights the problem - its outgoing chairman formerly headed KPMG, and both EY and Deloitte are said to be already doing non-audit work.

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