PwC may Spin off Corporate Finance Unit

More changes are in store for PricewaterhouseCoopers and their massive restructuring. The latest unit up for consideration is Corporate Finance, part of the firm's Financial Advisory Services Practice.

PwC has just appointed Morgan Stanley Dean Witter to provide advice on alternatives for selling all or part of the practice, but analysts believe a sale is inevitable given the restructuring initiatives the firm already has announced.

This includes the split of the firm's technology and consulting practice away from core accounting services. The restructuring comes in the wake of last year's SEC charges that the firm had more than 8,000 concerns or investments in client businesses.

You may like these other stories...

FASB mulling a revamped income statementDavid M. Katz of CFO wrote on Tuesday that the Financial Accounting Standards Board (FASB) is in the early stages of researching whether to launch a project aimed at improving and...
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.