Pwc

MCA presents plan to PMO to build domestic audit ecosystem; govt likely to amend 3 laws this year

Amendments to Chartered Accountants, Cost Accountants and Company Secretaries Acts on the cards to help local firms compete with global majors  

Govt proposes to set up multidisciplinary consultancy firms to take on global auditing giants

The Ministry of Corporate Affairs has constituted an Inter-ministerial Group (IMG) on developing the domestic ecosystem of consulting and auditing firms under the Chairpersonship of the MCA Secretary, according to a statement released on Wednesday.

PwC to give junior accountants manager-level roles as AI handles routine work

PwC is overhauling its training as AI takes over routine accounting work, fast-tracking junior accountants into manager roles within three years and focusing on critical thinking and leadership skills.

This is what it takes to create an Indian challenger to the ‘Big Four’

An economy that is forecast to break into the top three before the decade is over has an underwhelming global footprint in advisory and professional services. The government is trying to find ways to change status quo. More than regulatory tweaks, the main constraint for Indian firms may be their mindset, argues a ‘Big Four’ lifer  

PwC former chief Shyamal Mukherjee moves Supreme Court against firm

The case involves a dispute about retirement dues which Shyamal Mukherjee says are payable to him

PwC’s initial findings in IndusInd Bank might have necessitated forensic audit

While PWC was engaged to estimate and assess lapses in accounting for derivative instruments, its findings could have resulted in the need for a forensic audit to examine possible corporate governance lapses

New Income Tax Bill offers more clarity on computing capital gains tax: PwC

Finance Minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha. The bill, which is headed for a select committee is expected to come into force from April 1, 2026.

Big Four consultancies ask employees to go slow on work travel, use public transport

The development assumes significance as work-related travel is a key expense for the firms. The Big Four consultancies cited net-zero goal as another reason behind the move

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

The punishment is the heaviest yet for international accounting firms operating in China. PwC will be banned from signing off on any financial results in the country for six months. Already, it has been losing clients.

PwC China faces 6-month business ban, large fine over Evergrande audit: Report

The business ban is expected to be imposed on PwC Zhong Tian LLP, the registered accounting entity and the main onshore arm of PwC in China, said the sources, who have knowledge of the matter but declined to be named as the information was private

PwC to become OpenAI's largest enterprise customer amid genAI boom

PwC will become the largest customer and first reseller of OpenAI's enterprise product as part of a new deal, the accounting giant said on Wednesday.

IPO market in India unmatched when compared to rest of the world, says PwC's Eric Janson

In an exclusive interview with Moneycontrol, the PwC veteran cited technology, healthcare and industrials as his top sectoral picks for deal activity while adding that the funding winter is not yet over

PwC's Global Private Equity Spearhead Eric Janson On The India Strategy Of Global PE Majors & More

On this edition of Deal Central, we caught up with Eric Janson, Global Private Equity, Real Assets & Sovereign Funds Leader at Big 4 firm PwC for an exclusive interaction on the hottest global deal trends - the impact of the interest rate regime , PE firm's buying peers , the funding winter in the tech space, sovereign funds vs PE majors in India, top sectoral picks for India and more...

Davos 2024: India's massive digital infra will help it take AI leap, says PwC chief Bob Moritz

India's CEOs are much more confident of their businesses than global counterparts about the next 12 months, shows PwC survey

Ayushman Bharat scheme far behind 55 crore enrolment target

Currently, registrations under the national public health insurance scheme stand at 28.45 crore. The scheme provides free access to health insurance to low-income earners.

90% organisations say generative AI will help add new lines of biz over 12 months: PwC

Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023 have added to the strategic importance of enhanced cyber investments for organisations.

PwC to cut around 600 UK jobs after resignations drop

The firm, which has 25,000 UK staff, is set to launch a voluntary redundancy program for between 500 and 600 employees, according to a person familiar with the plans.

Charting the Path Forward: Insights from Top CEOs in India's Booming Pharma & Healthcare Industry

The episode, with the theme "Embracing Opportunities & Charting the Path Forward in the Indian Healthcare & Pharma Industry," served as a tribute to the remarkable growth of these sectors in India.

Paytm Payments auditor Price Waterhouse resigns, SR Batliboi appointed

Prior to the resignation, PwC noted, "We have completed the statutory audit for the year ended March 31, 2023, and issued our reports on May 2, 2023."