PwC helps both individuals and organizations create whatever they are looking for when it comes to tax, assurance, and advisory services. The company provides industry-focused assurance, tax, and advisory service to build public trust and enhance value for its clients and stakeholders. PwC is one of the competitors of Baker Tilly. Its purpose is to build trust in society and help solve important problems. It is a great company any individual or organization will be happy to work with. In my article today, I will be discussing the company’s meaning, careers, services, top clients, and others. So to find out, kindly pay attention and keep on reading.
PwC
PwC is a multinational professional services network of firms. And it is headquartered in London, United Kingdom. It is ranked as the second-largest professional services firm network in the world and also considered as of the Big Four account firms, alongside Deloitte, EY, and KPMG. PwC operates in more than 150 countries, 742 locations with 276, 000 people.
In order words, PwC is a coordinating entity for the global network of firms. It manages the global brand and develops policies and initiatives to create a common and coordinated approach in areas such as quality, risk, and strategy. The firm doesn’t provide services to clients.
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PwC Meaning
PwC simple means PricewaterhouseCoopers. The company’s init present form was created in 1998 by a merger between two accounting firms; Cooper & Lybrand and Price Waterhouse. Cooper & Lybrand and Price Waterhouse had histories starting from the 19th century. The firm’s trading name was shortened to PwC in September 2010 as part of a rebranding effort.
PwC Services
PwC firm offers some really reliable and accountable services. Each Line of Services in PwC is staffed with highly qualified and experienced professionals. The services include;
Audit and Assurance Services
PwC’s assurance services extend beyond the traditional financial audit to include systems and process assurance. It provides assurances on the financial performance and operations of businesses.
Advisory – consulting services
PwC provides comprehensive advice and assistance to companies, government bodies, and intermediaries of all organizations in the implementation of the strategy related to financial effectiveness, performance improvement, technology, governance, risk and compliance, and human resources.
Advisory – Deals
The firm is uniquely positioned to focus on the longer-term return from each deal because its services span the entire deal spectrum. That is from Strategy development and evaluation to post-acquisition integration, including financial, commercial and operational due diligence, bid support, deal structuring device, divestment support, and post-deal reviews.
Tax Advisory
Every monetary transaction, domestic or international, business or personal, has direct or indirect tax consequences. With tax laws changing constantly, professional advice is highly essential. PwC tax professionals work with companies to create customized solutions to their tax issues.
PwC Careers
What are you seeking in your career? Whether you’re an accomplished professional or a promising new talent, in PwC, you will be challenged by the work, the people on your team, and the clients that they serve. Starting from rocket-fuelled start-ups to the world’s leading organizations. PwC is actually an equal opportunity employer.
PwC Clients List 2020
Wondering how the PwC audit revenue comes? Then here are the firm’s largest clients audit revenue;
- Bank of America.
- American International Group.
- Chase.
- Goldman Sachs.
- Prudential Financial.
- IBM
- United Technologies.
- FordMotor Co.
- Johnson & Johnson.
- Caterpillar.
- Dell.
- Merck.
- Exxon.
- CIT Group.
- InterpublicGroup.
- Chevron.
- Exelon.
- Johnson Controls.
- Freddie Mac.
- American Express.
- Allergan.
- Cisco Systems.
- Thomson Reuters.
- OneMan Holdings.
- Phillip Morris International.
- PNC Financial Services Group.
- Xerox.
- Walt Disney.
- Platform Specialty Products Corporation.
- Thermo fisher scientific.
- AlereInc.
- Mondelez International.
- XL Capital.
- 3M Co.
- Acroniic Inc.
- L3 Technologies.
- Laureate Education, Inc.
- El Dupont de Nemours.
- Schlumberger.
- Hertz Global.
- Raytheon.
- Assurant Inc.
- Ingersoll Rand.
- Ball Corporation.
- Ecolab.
- Cigna Corporation.
- Viacom.
- CBS Inc.
- Goodyear Tire.
- Endo International.
The above fifty are the top clients of audit revenue in PwC. Of the Global Fortune 500 firms or companies, PwC has the following;
- 28% as Audit Clients
- 56% as Non-Audit Clients
- 16% are not clients of the firm.
That’s the percentage of Audit that the firm gets.
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