Interesting Disclosures During TBW v. PwC Pre-Trial Period
The TBW v. PwC trial gave the public quite a few interesting disclosures about the audit industry and PwC, including some some pointing to how the firms’ finances, in this case PwC, work.
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‘Independent’ Directors for the Audit Firms: Much Ado About Nothing”
/1 Comment/in Food for ThoughtYou might as well be trying to save walruses from an oil spill in the Gulf of Mexico. The Big 4 audit firms’ response plans in the event of catastrophic litigation, if they exist, are likely cookie-cutter boilerplate, out of date, irrelevant and prepared by the same go-to defense lawyers that shill for them and repeatedly negotiate their settlements.
Squeeze Is On When Becoming A Partner
/3 Comments/in Partner Compensation, PricewaterhouseCoopersI’ve drawn comparisons between law firm management and audit firm management many times before. Forgive me one more indulgence. Audit professionals are making a significant investment in their firms when they become a partner, according to the report provided by the Center for Audit Quality to ACAP in January of this year. In addition, the […]