Tuesday, December 11, 2012

Pwc

Introduction Pricewaterhouse makes (PwC)is the worlds largest accounting firm and ranks as oneness of the giants in the global professional services arena. PwC employs over 146,000 plurality with 766 offices in 150 countries. The Firm is led by Samuel A. DiPiazza, CEO, and is headquartered in New York City on Madison Avenue. Its clients include 84 percent of the Fortune Global 500 companies. Price Waterhouse and Coopers & Lybrand unified in 1998, which made the combined firm the top actor in public accounting. In the 2007 fiscal year, PwC had gross revenue enhancement of over $25 billion. Structured as a expressage liability partnership (LLP), the private company would rank in the low 300s on the Fortune 500 companies. History of PricewaterhouseCoopers Although legion(predicate) think of the firm as American, its origins can be traced to the united Kingdom. Price Waterhouses beginning started in 1849 when Samuel Lowell Price undefendable his accounting practice in London. In 1865, Price get together forces with fellow Brits, Holyland and Waterhouse. They renamed the firm Price Waterhouse & Co. Similarly, Coopers& Lybrand started in the United Kingdom, when William Cooper opened his firm in 1854; it was later known as Cooper Brothers. In 1957, three firms, Cooper Brothers (U.K.), McDonald, Currie, & Co.
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(Canada), and Lybrand, Ross Brothers, & Montgomery (U.S.) coordinated to form Coopers & Lybrand. Price Waterhouse and Coopers & Lybrand were both extremely successful from the sixties through the 1980s, adding to their menu of services and expanding internationally. In the early 1990s, a wave of consolidation in the professional services labor driven by potential synergies and economies of scale led to the optical fusion of Price Waterhouse and Coopers & Lybrand. Thus, PricewaterhouseCoopers was born. From Big Eight to Big Four along with PwC, the other global dominant accounting firms include Deloitte Touche Tomatsu, Ernst & Young, and KPMG. Collectively, they are known as the Big Four. When combined, their... If you want to get a full essay, order it on our website: Orderessay

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