PwC Fights Back

Media reports have indicated that the SEC alerted 52 of PricewaterhouseCoopers’ (PwC) clients about independence infractions that could affect the integrity of financial statements issued by the Big 5 firm. According to PwC, reports like this cause their clients "undue harm" and are "factually inaccurate."

A press release issued by PwC states that no one has questioned the reliability of clients’ financial statements. While the SEC released an official report in January about the 52 company audits in question, no remarks have been made by the SEC on financial statements for those companies.

The global accounting firm continues to work closely with the SEC. The governmental body asked Compaq to retain another auditor for 2000, but PwC will complete the 1999 audit. The SEC has not ordered prior years to be re-audited for Compaq.

Upcoming CPE Webinars

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.
Aug 20
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Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.