PwC Says No Go to IPO . . . For Now

Posted by accountingweb on Mar 15 2001 249 printer friendly

Despite a flurry of recent reports to the contrary, management at PricewaterhouseCoopers refuses to confirm plans for an Initial Public Offering.

A spokeswoman from PwC claims the firm is giving equal consideration to three possible options for its management consulting practice: an IPO, an outright sale, or a "consortium of investors."

In addition, the spokeswoman, who remained unnamed but was quoted in an article at CFO.com, stated that no decision about these possible options would be made until sometime after the company's fiscal year begins on July 1. "We have kept it a moving target because of market conditions, the general slowdown in the consulting industry, and other factors that are out of our control.”

The spokeswoman claims that the new SEC independence guidelines are playing a big part in the PwC decision to divest itself of its consultancy arm.

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.

This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.

Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.

Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.

Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.