PricewaterhouseCoopers

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PricewaterhouseCoopers LLP
Products Auditor

PricewaterhouseCoopers LLP (PwC) is one of the "Big Four" auditors (with KPMG, Ernst & Young and Deloitte Touche Tohmatsu). PwC evolved from a partnership formed in 1865 between Samuel Price, William Holyland, and Edwin Waterhouse, called Price Waterhouse. The company was renamed Price Waterhouse & Co. in 1874, and in 1998 merged with Coopers & Lybrand to form Price Waterhouse Coopers. [1] PricewaterhouseCoopers serves both public and private clients in 29 industries. [2]

PricewaterhouseCoopers, along with Ernst & Young, was chosen by the U.S. Treasury to help oversee the TARP $700 billion bailout plan. PwC was tasked with setting up TARP's internal controls. [3] [4] Both firms signed contracts to work with the Treasury until Sept. 30, 2011.[5]

History

PwC has a history that dates back to the nineteenth century. Each accounting practice originated in London during the mid-1800s.

Products and Services

PwC's services include: auditing and assurance; consulting; business recovery and restructuring; corporate finance; mergers & acquisitions; human resources and taxes.

Key People

References

  1. Price Waterhouse. NNDB.
  2. About Us. PricewaterhouseCoopers.
  3. Fox Guarding the Henhouse. The Fraud Files Blog.
  4. PwC, E&Y Land TARP Accounts. Jobsinthemoney.com.
  5. U.S. Treasury Hires Private Firms for TARP Accounting, Auditing. actionforex.com.