Andre “Dr. Dre” Young, Grammy-winning gangsta rap star and highly respected record producer, has accused PwC (formerly Coopers & Lybrand) of causing a loss of over $20 million by mismanaging his finances, diverting funds, stealing money from him, and engaging in conflicts of interest. “They stuck it to me big time,” the star said of the accounting firm. Young is co-founder of the Death Row record label. PwC has paid $10 million in out of court settlements in two other Death Row-related claims but his holding fast in its fight against Young.

Congratulations to Arthur Andersen, who was ranked Number One in 14 service categories and attributes by Emerson Research Company in the 2000 Big 5 Annual Report.The report is a compilation of all five firms' operating results as they apply to professional service corporations.Areas covered include opportunities for staff, services to clients, investments for the future, and achieving profitability.A complete copy of the report can be obtained from Emerson at their Web site.

Harris Interactive, the folks who bring you Harris Polls, have finished conducting the CCH Accountants on the Internet 2000 poll and the results are fascinating.

Although the news about the final separation between Arthur Andersen, LLP and Andersen Consulting has cooled a bit, speculation as to the 'name game' has just begun.A report from The Times in the United Kingdom suggests that Arthur Andersen may name its consulting arm 'Andersen Consulting.' You heard right: the namesake of its divorced spouse.The current Andersen Consulting has until January 1, 2001 to change its name, and until then, it's anyone's guess as to what the new consulting firm will be called.

The Securities & Exchange Commission has posted on its web site the entire transcript of Day One of the auditor independence hearings which occurred on July 26.AccountingWEB provided full coverage of the event throughout the day, and will do so again for the second day of hearings, scheduled for September 13.Speakers presenting testimony before the SEC in July included public accountants, industry accountants, educators, memb

Most companies like the idea of casual Friday. If you’re an employer you can help boost morale by offering your staff the opportunity to dress down one day of the week. In fact, more and more companies are offering the opportunity to dress casual for the entire week. However, this can leave people confused as to what is appropriate dress and what isn’t. A particularly difficult challenge in discerning what’s appropriate casual wear and what’s not resides among women, especially those making the switch from college to the corporate world.

The Securities and Exchange Commission has hired Jackson Day, formerly a partner with Ernst & Young to assume the number two accounting position at the Commission.As deputy chief accountant, Day will oversee the accounting and audit practices.

Speaking to tomorrow's accountants, the assembled attendees of the Beta Alpha Psi annual meeting last weekend, Bob Elliott, Chairman of the AICPA, presented a glimpse into the very near future.

The results are in from the 200 Annual Survey of Accounting Professors which rates U.S. accounting firms, and the accountants are cheering at PwC. After 18 years of looking up to Arthur Andersen which has had a lock on the number one position, PricewaterhouseCoopers can now gaze down from the top berth as well, having tied AA for the top spot.The survey of college professors is based on their experience and perception.