KPMG Picks Up PricewaterhouseCoopers' Pieces

In the latest of a series of divestitures of smaller U.S. offices, Big Five firm PricewaterhouseCoopers has announced a tentative agreement to sell its Virginia Beach, Virginia, practice to rival KPMG. It is expected that all 30 employees of this office will join KPMG. The group will continue to operate out of the same building for at least the two years remaining on its lease.

PricewaterhouseCoopers has been divesting itself of some of its smaller offices while focusing its efforts on larger metropolitan markets.

Other PwC offices destined for new owners include Omaha and Lincoln, Nebraska, Knoxville and Nashville, Tennessee, South Bend, Indiana, and Spokane, Washington.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.