...PricewaterhouseCoopers Competitor Intelligence Report MGD 426HF Professor Tim Richardson Gabriela Rojas 998288160 Thursday, October 16th, 2014 Description of the business sector within which this enterprise operates: PricewaterhouseCoopers is an international professional services network that provides industry focused assurance, auditing, consulting and tax services for a variety of companies with the majority of their revenue coming from business to business relationships. The firm was established in 1998 after a merger between Coopers & Lybrand and Price Waterhouse and the name was shortened to PwC for rebranding purposes. (“Big four (audit firms)”1) According to company revenue records in 2014, PwC is currently the second largest professional services network in the world, and are considered one of the big four auditors, competing with Deloitte, EY and KPMG. (“Big four (audit firms)”1) In addition, PwC has firms across 157 countries with over 195,400 employees. Their total revenue in 2014 is around 34 billion dollars with 15 billion generated by their assurance service, 8.8 billion by their tax services, and 10 billion by their consulting services. (“Big four (audit firms)”1) Types of competition this enterprise faces: PwC is one of the big four auditing companies along with Deloitte, EY and KPMG, therefore making it an oligopoly. Oligopolies provide very similar products, where smaller firms follow the lead of the top four auditors in the industry and...
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...KPMG毕马威 公司介绍 KPMG公司在全球155个国家拥有85300名雇员（59700名为专职人员）。在北美数百家办事处中共有25200名雇员（KPMG 是五大会计公司中唯一一家欧洲业务规模超过北美的公司）。KPMG 为全球最大的五百家银行及100家保险公司的半数提供服务。首席执行官Stephen Butler 为KPMG 制定了新的名为The Power of One的计划。这一计划包括三个主要组成部分：成为业内第一；以统一方式运作；将公司的成功与每位员工联系起来。KPMG宣称，“公司将力争在所有业务领域内成为第一”。 主要业务有：审计、会计、税务、管理咨询、公司财务、公司重整及其他服务。 1．审计和会计。 包括：审计或鉴证、财务审慎调查支持、法庭与调查会计、信息风险管理、内部审计、养老金或退休金计划、管制和其他特殊报告、证券发行等； 2. 税务。 包括：公司税合规性审核及报告、关税和其他间接税．全球经济咨询、个人财务计划、州和地方税、税务条款的解释、税负最小化服务等； 3．管理咨询。 包括；作业效益提高、数据存储、电子商务、人力资源管理、IT战略和经营、一揽子解决方案、政策和经济研究、供应链管理、全球融资、计算机2000年问题等 4. 公司财务。 包括：采购和处置战略、资本结构或资金筹措建议、交易管理、私有化服务、估价等； 5．公司重整。 包括；管理和破产管理、破产、公司重组、清算等； 6．其他服务。 包括：保险精算服务、公司法律服务、信托服务、环境服务、ISO9000、法律支持、所有者管理的企业服务等。 公司办事机构有825个，成员所146个，所涉国家或地区：157个。公司的主要竞争对手包括PricewaterhouseCoopers，Andersen Consulting，Arthur Andersen，Deloitte & Touche，Ernst & Young。 KPMG 的咨询业务开展得较晚，但已拥有5000名专职咨询人员。1998年，公司的咨询收入首次超过了审计业务收入。公司38.01亿美元的总收入中有15.11亿来自咨询业务。该项业务自1994年以来已增长了三倍以上。KPMG 目前力图保持世界咨询市场百分之五的份额。据International Tax Review的评估，公司的税务业务收入和从业人员名列五大会计公司之首。 同时，KPMG 公司准备投入六千万美元用于提高本已不低的知名度。部分咨询业务正准备集资上市，此举将给公司及员工带来更大的收益。 KPMG在中国 KPMG毕马威（中国）会计公司于1992年成立于北京，随之在上海，广州，深圳也先后成立了会计公司。现中国员工已达700人。联系地址：Beijing KPMG Huazhen Unit 1608, Level 16 China World Tower 2 China World Trade Center No. 1 Jian Guo Men Wai Ave Beijing 100004, PR China Telephone: 86-(0)10 6505 6300 Telefax: 86-(0)10 6505 6306 86-(0)10 6505 6307 86-(0)10 6505 6308ShanghaiKPMG Huazhen 23rd Floor Shanghai Kerry Centre 1515 Nanjing West Road Shanghai 200040, PR...
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...Ethical perspectives- Cross-cultural perspectives ETH/316 July 7, 2013 Abstract The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity. This network of firms also has established a vigorous global network and their core value, and the one shared with their clients, is of excellence, teamwork, and leadership. Ethical perspectives- Cross-cultural perspectives The Global Company chose to research is a global organization, PricewaterhouseCoopers, known in the United States as PwC. Ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization will be addressed. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how...
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...services network. It is the second largest professional services network in the world. PwC is a network of firms in 157 countries with more than 184,000 people. In 2012 the company had total revenues of $31.5 billion, of which $14.9 billion was generated by its practice, $7.9 billion by its Tax practice and $8.7 billion by its Advisory practice The firm was formed in 1998 by a merger between Coopers & Lybrand and Price Waterhouse.[1] The trading name was shortened to PwC in September 2010 as part of a rebranding.[6] As of 2012 PwC United States is the fifth-largest privately owned organization in the United States.[7] PricewaterhouseCoopers' operations are Global, but with Europe accounting for 42% of the total.[30] PwC audits 33% of companies in the FT Global 500 and 29% of the companies in the Fortune Global 500.[30] PricewaterhouseCoopers is organised into the following three main service lines:[31] • Assurance Services • Tax Advisory, (international tax planning and compliance with local tax laws, customs, human resource consulting, legal services and transfer pricing) • Advisory – mainly consulting activities which covers Strategy, Performance Improvement, Transactions Services, Business Recovery Services, Corporate Finance, Business Valuation, Sustainability and Crisis Management in a range of specialist areas such as accountancy and actuarial advisory. • Academy - providing a wide range of financial, and business skills training to individuals and the...
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...The Integrated Communications and Measures Plan PricewaterhouseCoopers International Limited Jing Kang MBA525 Applied Marketing Professor Bari Courts December 6, 2015 Overview PricewaterhouseCoopers International Limited (PwC or “the company”)- one of the famous four international accounting firms, the others are KPMG , Ernst & Young and Deloitte, it was founded by Price Waterhouse and Coopers & Lybrand in 1998. The company provides 6 main parts of sevice, which are audit and assurance service, consulting dealing government service and human resouce service, IFRS reporting and private company service, risk assurance service and tax service. PwC has many huge clients all over the world. Their major customers are IBM, NTT , Dell Computer , Ford, Chevrolet , and Nokia ect. Form the data which show that in the Fortune 500, in the 83% of PwC clients, ther are 29% audit clients. PwC are spread more than 150 countries and they hire over 161,000 staff. In the siutation analysis reprot the company grabs the huge share in the international market. Comparing with other big three accouting company, PwC has three advantages. To begin with is the new consulting service which is designed to help the fledgling high-tech companies. PWC consulting will provide help for the company's early start, create business models and attract investment and other aspects. At present, the company in the high-tech fields of customers including Systems Cisco...
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...Name: Abhishek Kumar Rastogi Summary : 6 years experience in strategic planning, consulting and management reporting. Education : B.E., Visvesvaraya Technological University, 2006 Designation: Senior Consultant, PriceWaterhouse Coopers Private Limited, India Work Experience Senior Consultant/Assistant Manager, PriceWaterhouse Coopers * Restructured operations planning process of data, network, multimedia and cloud businesses of a Telecommunication major (India). * Improved production and distribution planning process of a Fertilizer major (India). * Restructured strategic planning process of orthopedic, trauma and wound businesses in BRIC countries of a Medical Technology major (UAE). * Improved volume driven production, sales and distribution planning process of commercial and passenger vehicles businesses of a Automobile major (India). * Restructured strategic planning process of print, online, intellectual property and conferences businesses of a Legal Research major (Singapore). * Improved flexible budgeting process of water business (water treatment and its effective utilization) of a Heavy Engineering major (India and Germany). * Rationalized reports and management dashboards of a major consumer goods conglomerate (India). Assistant Systems Engineer, TCS * Implemented Activity based costing on Hyperion EPM platform for a water supply major (Scotland). * Implemented...
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...THE TRAVEL EXPENSE BILLING Act The Travel Expense Billing Controversy and False Claims Act PricewaterhouseCoopers LLP (PwC), a major accounting firm, was engaged in unethical billing practices that generated millions of dollars in additional revenue to the company. PwC was charging its clients the full price of airline tickets and other travel expenses, such as hotel rooms and car rentals, while it was actually expending only a small percentage of the full amount billed to its clients due to applied rebates and discounts it received under travel agencies and airline contracts and negotiations. Therefore, the company was “overcharging… clients and pocketing the difference without revealing the practice” (AccountingWeb). However, since Neal A. Roberts, a PwC employee, discovered his employer’s travel billing practices, PwC found itself in a very difficult situation. Mr. Roberts wasn’t in agreement with his company’s billing method and made several attempts to address the problem while working for his firm without much success. He reached out to the company’s ethics department and to an in-house PwC lawyer, but only managed to have the company’s policy revised, not corrected. A group of people (mostly the company’s partners) decided that under the new policy, PwC would have to disclose most of the discounts to its clients but still keep 8 percent of the rebates as a “cover our costs” fee while retaining the “millions… collected previously on the earlier rebates”...
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...David Vuong 1055 N. Capitol Ave unit #52 San Jose, CA 95133 Mobile: (831)-578-2440 E-mail: DVuong.Ace@gmail.com Objective Part-Time position at *company name* as *position title* Education Current San Jose State University Undergraduate • Bachelor of Science: Accounting • Certification: Decision Sciences Certificate Program Work Experience Accurate Investment, Inc. (San Jose, CA, October 2007 – January 2008) Administrative Assistant • Managed new and old client accounts and preformed other clerical duties such as receiving incoming phone calls. • Preformed various Quicken and Quick Books tasks for company databases as well as various IT Technical Repairs. Kitchen, Bath and Beyond Remodeling, Inc. (San Jose, CA, April 2007 – October 2007) Sales Associate and Showroom Manager • Demonstrated strong customer services skills by answering questions, delivering/receiving materials, and maintaining the showroom • Created Estimates, Purchase Orders, Receive Payments, and other data entry tasks on Quick Books Triad Toys, Inc. (San Jose, CA, December 2006 – April 2007) Marketing Internship and Assistant for the Chief Financial Officer • Entered Daily Sales and other data entry tasks on Quick Books • Preformed countless IT Technical repairs for company computers and servers • Modified and Reviewed manufacturing contracts from Chinese to English under the supervision of the leading International Translator Sales...
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...Current Trends in Information Technology and Business Students’ Name: Institution Affiliation: Tutor: Date: Current trends in IT and Business Reports to evaluate the value of a digital technology outline the recent innovations embraced by firms to raise the effectiveness in production through utilization of efficient technologies. Major forces dominating technological innovations include; mobile, analytics, cloud, social, and cyber. From a previous report on current trends by TechTrends in September 3rd, having a private cloud is one of the major recent technologies. Companies are investing in other recent technologies such as virtual meeting and collaboration technologies, analytics and data mining, data visualization coupled with digital products and service delivery, and mobile application technologies for their customers. The aims of understanding and implementing these current trends is to obtain feedback on current and future priorities from clients feedback, understand the industry and academic luminaries perspectives, implementing recommendations from industry analysts, research by alliance partners, and competitor positioning, and evaluating cloud sourced ideas and other examples from other global practitioners (TechTrend, 2014). Marketers prefer using mobile applications to reach their customers. Development of mobile-friendly applications and increased use sale of smartphones has made this possible. The challenge of moving from data to insight has...
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...Campbell was founded shortly before the start of the Civil War. Abraham Anderson and Joseph Campbell began manufacturing canned vegetables and fruit preserves. In 1976, Campbell bought out Anderson’s interest and renamed the firm the Joseph Campbell Preserving Company. Later, Arthur Dorrance was Campbell’s new partner. In the early 1920s, John Dorrance, Arthur Dorrance’s nephew, was the sole owner of the Campbell Soup Company, which was the largest producer of canned soup products. Unfortunately, as the twentieth century was coming to a close, the nation’s appetite for condensed soup products was waning. The weakening demand prompted the company’s executives to use an assortment of questionable business practices and accounting schemes to enhance the company’s reported earnings. Campbell stockholders filed a series of lawsuits in late 1990s. The alleged scams included trade loading, improper accounting for loading discounts, shipping to the yard, and guaranteed sales. The plaintiffs in the class-action lawsuit filed against Campbell Soup Company and its top executives eventually added Pricewaterhouse (PwC), Campbell’s independent auditor, as a defendant in the case. To allow a lawsuit filed under the 1934 Security Act to proceed against a defendant, a federal judge must find that the plaintiffs have alleged or “pleaded” facts “to support a strong inference of scienter” on the part of that defendant. After completing the review of PwC’s audit workpapers, judge Irenas...
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...Price Waterhouse Coopers Organizational Behavior Name: Institution: Introduction The primary center of the lead research was to discover the relationship in the middle of employees and management in admiration to inspiration at Price Waterhouse Coopers . From the online investigation of workers conduct and management meeting, it got observed that there was a potential hole in inspiration. This hole was a separation in the middle management and employees. Employees' perspective was unique in relation to that of the chief, in which they regularly obliged an instrumentality a prize or a reward to enhance an individual's performance. Most employees didn't take working at Price Waterhouse Coopers as their future occupation for different reasons. Price Waterhouse Coopers faces several organizational behavior challenges. However, solutions to these challenges can be provided to better the company. Organizational Behavior Challenges Improving People Skills: Unless employees and officials are prepared to have the obliged skills to adjust those progressions, the set objectives can't be accomplished within the set deadline. There are two separate classifications of skills, which include managerial and specialized skills. Innovative, structural, and ecological progressions, are quickened at a faster rate good to go afield. For managerial skills, they incorporate listening, arranging and sorting out, rousing, heading, critical thinking, and choice making skills...
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...A practical guide to capitalisation of borrowing costs November 2008 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2008 IFRS technical publications IFRS manual of accounting 2009 PwC’s global IFRS manual provides comprehensive practical guidance on how to prepare financial statements in accordance with IFRS. Includes hundreds of worked examples, extracts from company reports and model financial statements. IFRS 3R: Impact on earnings – the crucial Q&A for decision-makers Guide aimed at finance directors, financial controllers and deal-makers, providing background to the standard, impact on the financial statements and controls, and summary differences with US GAAP. IFRS disclosure checklist 2008 Outlines the disclosures required by all IFRSs published up to October 2008. A practical guide to new IFRSs for 2009 40-page guide providing high-level outline of the key requirements of new IFRSs effective in 2009, in question and answer format. A practical guide to capitalisation of borrowing costs Guidance in question and answer format addressing the challenges of applyiing IAS 23R, including how to treat specific versus general borrowings, when to start capitalisation and whether the scope exemptions are mandatory or optional. A practical guide to segment reporting Provides an overview of the key requirements of IFRS 8, ‘Operating Segments’ and some points to consider as entities prepare for the application of this standard for the first time...
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...Emerging market report 2007 Disclaimer PricewaterhouseCoopers has exercised professional care and diligence in the collection and processing of the information in this report. However, the data used in the preparation of this report (and on which the report is based) was provided by third-party sources. This report is intended to be of general interest only and does not constitute professional advice. PricewaterhouseCoopers makes no representations or warranties with respect to the accuracy of this report. PricewaterhouseCoopers shall not be liable to any user of this report or to any other person or entity for any inaccuracy of information contained in this report or for any errors or omissions in its content, regardless of the cause of such inaccuracy, error or omission. Furthermore, to the extent permitted by law, PricewaterhouseCoopers, its members, employees and agents accept no liability and disclaim all responsibility for the consequences of you or anyone else acting, or refraining from acting, in relying upon the information contained in this report or for any decision based on it, or for any consequential, special, incidental or punitive damages to any person or entity for any matter relating to this report even if advised of the possibility of such damages. The member firms of the PricewaterhouseCoopers network (www.pwc. com) provide industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders...
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...Intelligent Cost Reduction Developing & executing a program to reduce cost & create a sustainable operating platform July 2008 Contents Section 1 2 3 4 5 6 Point of view Anatomy of a successful total cost management program Beginning with the business & front office Opportunities in the support units Some lessons learned PwC qualifications to help Page 3 7 11 16 19 21 Point of view Point of view • Cost management is a key issue today and for the foreseeable future – The market is experiencing a severe liquidity crunch and the explosion of a global asset bubble well beyond sub-prime. At the root of this crisis is not only asset values, but the amount of capital in the financial system today versus the size and liquidity of the balance sheets (and off-balance sheet commitments) of financial institutions. This situation is not likely to reverse itself for a number of years. In the environment of de-leveraging and scarcity of capital, we believe fundamental re-thinking regarding business strategies, operating models and cost structures will be necessary. • A pre-securitization baseline may be the appropriate mindset – If one assumes that the securitization markets have significantly contracted in a permanent fashion, then the appropriate way to think about the business may be in a pre-securitization baseline, adjusted for key acquisitions/divestitures, etc. This means that the proper mindset to consider in the business strategy and budgeting area may...
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...Transaction Services • • TS Insights List bullet List bullet Sub bullet evaluation of the other two sources of taxable income ― Vol. 3 Heading 2 Financial reporting in an uncertain economy A closer look at income tax valuation allowances October 2009 Additional text goes here. Heading 3 Additional text goes here. Notwithstanding early signs that the global recession may be waning, the uncertain economic future continues to constrict corporate America. As companies continue to incur losses, focus has heightened on income tax valuation allowance assessments by companies and their auditors, as well as the Securities and Exchange Commission staff, through the issuance of comment letters. Specifically, much of this focus is on whether deferred tax assets reflected on corporate balance sheets will ultimately be realized. When a deferred tax asset is not fully realizable, a valuation allowance must be established against the deferred tax asset to reduce it to a net amount that is realizable. The related expense is generally reflected in the income statement as an income tax expense. A clear understanding of the judgmental nature of valuation allowance accounting models is critical in addressing this issue. The need for judgment The accounting requirements for deferred tax assets are set out in ASC 740, "Income Taxes," which establishes a "more likely than not" threshold for recognizing deferred tax assets. The interpretation of this criteria has historically...
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