PricewaterhouseCoopers
Big Four firm
PricewaterhouseCoopers is one of the world's largest professional services firms, offering accounting, auditing, tax, and consulting services.
Commonly known by its initialism PwC, the firm emerged from a 1998 merger of two major accounting partnerships.
It belongs to the "Big Four" accounting firms alongside Deloitte, EY, and KPMG: The company hired PricewaterhouseCoopers to audit its financial statements.
Shared business arrangement
- Big FourDominant group of four
- multinationalOperating across multiple countries
- professional servicesFee-based expert work
- LondonEngland's capital city
global network · brand · merger · headquarters · revenue · employees · clients · Fortune 500
Firm promise or certainty
- attestationFormal declaration confirming truth
- verificationProving something accurate
- complianceAdhering to requirements
- examinationMethodical assessment or review
internal controls · risk assessment · fraud detection · materiality · opinion · findings · oversight · due diligence
Recording financial transactions systematically
- GAAPFinancial reporting conventions
- taxationCompulsory government revenue collection
- financial reportingDocumenting business performance formally
- balance sheetAssets-liabilities-equity report
income statement · cash flow · reconciliation · accruals · depreciation · amortization · ledger · double-entry
Notice recommending action
- strategyPlanned approach to goals
- transformationThorough change in form
- implementationPutting plans into effect
- change managementPlanning organizational transitions systematically
process improvement · optimization · benchmarking · best practices · digital transformation · deals · M&A · restructuring
partnership
Shared business arrangement
- Big FourDominant group of four
- multinationalOperating across multiple countries
- professional servicesFee-based expert work
London · global network · brand · merger · headquarters · revenue · employees · clients · Fortune 500 · engagement
assurance
Firm promise or certainty
- attestationFormal declaration confirming truth
- verificationProving something accurate
- complianceAdhering to requirements
examination · internal controls · risk assessment · fraud detection · materiality · opinion · findings · oversight · due diligence · independence
bookkeeping
Recording financial transactions systematically
- GAAPFinancial reporting conventions
- taxationCompulsory government revenue collection
- financial reportingDocumenting business performance formally
balance sheet · income statement · cash flow · reconciliation · accruals · depreciation · amortization · ledger · double-entry · trial balance
advisory
Notice recommending action
- strategyPlanned approach to goals
- transformationThorough change in form
- implementationPutting plans into effect
change management · process improvement · optimization · benchmarking · best practices · digital transformation · deals · M&A · restructuring · due diligence
PricewaterhouseCoopersinvestigative journalism
In-depth reporting exposing wrongdoing
priced, pricey, prices, priceless, waters, watered, watering, watery, houses