Pwc

PwC has withdrawn from over a dozen countries, severing ties with member firms deemed too small, risky, or unprofitable as the accounting giant seeks to avoid further scandals. Most recently, the Big Four firm ended its relationship with 10 member firms across francophone Africa. This followed discu

The Financial Reporting Council (FRC) has fined PwC £2.9mn for failures in its audit of since-collapsed Wyelands Bank, which was owned by businessman Sanjeev Gupta. The Big Four firm admitted to breaching audit requirements for the bank's 2019 accounts, particularly regarding risk assessment a

PwC UK has seen a record number of partners depart in 2024, alongside a pause in one of its apprenticeship programmes, as the firm grapples with profitability challenges. Analysis by the Financial Times revealed 123 partners left the firm last year, more than double the annual average since 2002. Th

The UK has come ahead of Germany, China, and India to become the second most attractive country for global investment, trailing only the US, according to PwC's annual UK CEO survey. This marks a significant leap from the UK's fourth-place ranking last year and is seen as a major endorsement of the c

PwC UK has initiated a new round of redundancies, trimming its workforce and delaying promotions for some junior staff, in response to a slowdown in the professional services sector. The over 25,000-employee firm, which provides audit, consulting, and tax services, has offered voluntary redundancy t

Scottish consumers are set to channel some more spending into this festive season, according to PwC’s Festive Predictions. The increase in intended spending north of the border closely aligns with PwC’s findings across the UK, which suggests spending on gifts and celebrations will reach

Scotland is leading the way in the creation of green jobs in the UK, according to new data from PwC. The fourth iteration of PwC’s Green Jobs Barometer sees Scotland take the top spot again for the highest proportion of green job adverts of any of the UK’s nations and regions, at 5.6%.

PwC UK’s annual Black Friday survey shows that 41% of Scots say they’re interested in buying this year - up from 35% last year.

PwC has announced it is relocating its Glasgow office to the newly refurbished Aurora building on Bothwell Street in 2025. The firm’s 488 people based in Glasgow will move from the current office also situated on Bothwell Street.

PwC UK has begun a major restructuring, creating a stand-alone technology and AI unit and reorganising several practice areas. The changes impact approximately 2,700 staff and partners, roughly a tenth of PwC's UK workforce. The changes, led by UK managing partner Laura Hinton, aim to simplify the b

PwC UK partners have seen their average pay drop to £862,000 this year, a 5% decrease from £906,000 last year. This comes as the firm's revenue growth slowed to 9%, down from 16% the previous year. Profits also fell by 14% to £1.1 billion.

PwC China has been fined a record £47 million and banned for six months for its role in the Evergrande scandal. Chinese authorities found that PwC failed to identify significant misstatements in Evergrande's financial statements between 2018 and 2020. This oversight contributed to Evergrande's

Store closures in Scotland have slowed significantly, with towns and cities losing less than one shop a day on average, according to PwC. PwC's bi-annual report, using data from location data specialist Green Street, tracks more than 200,000 chain outlets in over 3,500 locations to gain a picture of

PwC has taken the unusual step of appointing a UK partner, Hemione Hudson, to lead its China business amidst the ongoing fallout from the Evergrande audit scandal. The move reflects the deep concern within PwC about the crisis at its China firm, which anticipates a hefty fine and a six-month suspens

Two major Scottish cities have improved their performance in PwC's Good Growth for Cities Index.