Accenture Shows PwC Auditors the Door

Posted by accountingweb on Nov 12 2001 506 printer friendly

Accenture is dropping PricewaterhouseCoopers as its auditors, effective upon completion of the current financial statements, which should be finalized by the end of November.

Indicating that the reason for the decision to cut PwC loose is based on the competition between the two companies, an Accenture spokeswoman stated, "When we hired them they had every intention of selling their consulting practice. But Pricewaterhouse isn't able to give us any assurance as to when their situation will change."

Acccenture plans to name a new auditor by the end of the month.

Accenture is the former consulting arm of Big Five firm Andersen. The two companies broke apart in a heated battle last year and Accenture went public earlier in 2001.

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