Articles about pwc

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UK regulator probes PwC over BT's Italian accountancy scandal

The UK's Financial Reporting Council (FRC) is to investigate PwC's audits of BT, following an accountancy scandal at the telecom firm's Italian unit. The accountancy regulator will probe PwC's consolidated financial statements of BT Group for the years ended 31 March 2015 to 2017, in the wake of the scandal which forced a …
Kat Hall, 29 Jun 2017
Parliament House Canberra

Australian Tax Office stays schtum on whether HPE outages report is complete

The PwC review on just what went wrong with the Australian Taxation Office's HPE storage is … well we can't say exactly what it is. And that's odd because commissioner of taxation Chris Jordan said in a speech delivered on March 16th that “This review will report back to me around the end of March.” And here we are on April …
Boy slurps watermelon. Credit: Shutterstock

PWC devours cloud consultancy Outbox Group

PwC is the latest big consultancy to grab a piece of the cloud action by hoovering up integrator Outbox Group, a European firm that specialises in CRM, marketing automation and IT maintenance. After maintaining a watching vigil, the big consultancies are starting to fork out cold hard cash for cloud services outfits - late …
Paul Kunert, 20 Jan 2016
No Sale

PwC: Forget margin, tech biz, HUSTLE for that SALE

The phrase "turnover is vanity, profit is sanity" apparently does not apply to the tech sector, with PwC advising companies this year to focus on revenue growth above margins and "yield maximum shareholder value". According to the report 2015 Technology Industry Trends this is particularly important in a "volatile market", …
Kat Hall, 27 Jan 2015
Money image

Luxembourg: Engine-room of the tax-break economy

Four high-profile audit firms have been named-and-shamed as architects of a tax minimisation structure used by hundreds of the world's big-name companies, including a slew in the tech sector. The International Consortium of Investigative Journalists has published details of how the structure worked, along with identifying many …
Hacked sarcasm

Biz coughs up even less for security, despite mega breach losses

Information security budgets are falling despite a continuing rise in the number of attacks, according to a new report by management consultants PwC. Detected security incidents have increased 66 per cent year-over-year since 2009, reaching the equivalent of 117,339 attacks per day, according to PwC's "The Global State of …
John Leyden, 1 Oct 2014

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores …
Kelly Fiveash, 23 Sep 2014
Phones4u logo

EE buys 58 Phones 4u stores for £2.5m after picking over carcass

EE has scooped up 58 Phones 4u stores from the beleaguered High Street retailer, one week after it slipped into administration. The mobile operator, which was partially blamed by Phones 4u for its surprise collapse, revealed the £2.5m purchase in a brief statement to The Register: We can confirm that we have agreed with the …
Kelly Fiveash, 22 Sep 2014
Atmospheric snap of vultures silhouetted against a sunset on a wooden structure on the shore of a lake. (C) Jerry Rogers

Report: EE in talks to scoop up 60 Phones 4u stores from troubled High Street retailer

EE is reportedly the latest company to pick over the carcass of stricken British High Street mobile phone retailer Phones 4u, which fell into administration late last week. According to the Sunday Times (£), EE has until tonight to secure a deal to buy 60 stores from Phones 4u. The move comes after rival mobile network …
Kelly Fiveash, 21 Sep 2014
Phones4u logo

Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few …
Kelly Fiveash, 20 Sep 2014
Sorry we're closed

Phones 4u slips into administration after EE cuts ties with Brit mobe retailer

Phones 4u fell into administration late on Sunday, after carrier EE cut its ties with the UK retailer. The company said in a statement that's EE's "unexpected" decision not to renew its contract with Phones 4u meant the High Street business would be without any mobile network partners. EE's withdrawal from that deal, which …
Kelly Fiveash, 14 Sep 2014
Freescale Internet of Things car

PwC says US biz lagging in Internet of Things

PricewaterhouseCoopers reckons the business end of the Internet of Things is going to hit its straps in 2015, reporting that 20 per cent of US businesses polled in its most recent Digital IQ Snapshot are putting money into sensors of some kind. Unsurprisingly, the industries most keen on sensors are industries already famous …
Doctor Nick Riviera

Hmm, you do look ill. I prescribe a good dose of mobile data

Adopting "mobile health" - the use of mobile technology as an interface between health providers and patients - could apparently save the EU €100bn by 2017, and make us €93bn too, if only governments would get out of the way and let it happen. That's according to beancounters PwC who were hired by mobile industry body GSMA to …
Bill Ray, 6 Jun 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Building the actual real internet simply doesn't pay

Analysis It isn’t unicorns that keep the internets running, but eye-watering amounts of capital investment by infrastructure operators. However a substantial chunk of that investment never pays for itself and most of it barely repays the cost of the capital, reckons consultancy PwC. The telco industry as a whole spends $320bn on …
The Register breaking news

Hackers claim to have Mitt Romney's tax records

Various media outlets, including El Reg, have been sent a message claiming to be from a hacking group that has stolen the tax records of Mitt Romney and threatens to release them on September 28. The writer claims to have taken Romney's 1040 filings from the offices of PricewaterhouseCoopers in Franklin Tennessee and copied …
Iain Thomson, 7 Sep 2012
Red pen

Phoenix IT Group fesses up to 'accounting irregularities'

Phoenix IT Group has suspended a business manager amid a probe into accounting irregularities that the firm reckons will result in £14m being wiped from net assets. The listed IT services group revealed in a statement to the London Stock Exchange this morning that it has named PwC and Nabarro LLP to "carry out independent …
Paul Kunert, 3 Sep 2012

PwC: 27 percent of Aussies will buy IPTV by 2016

Showing the kind of optimism that only large analyst firms can muster, PriceWaterhouseCoopers has boldly predicted that 27 percent of Australians will have an IPTV service by 2016. Right now, IPTV is very much in its infancy in Australia, with a number of ISPs and carriers offering services but, in terms of the country’s eight …
The Register breaking news

Price Waterhouse Cooper: Only mobile comms can SAVE HUMANITY

Future of Wireless Speaking at the recent Cambridge Wireless conference Price Waterhouse Cooper's Director of Product Management issued a stark warning - unless governments invest massively in mobile telephony we're all going to starve to death. Colin Brereton presented his arguments as a keynote at yesterday's Future of Wireless conference in …
Bill Ray, 28 Jun 2012

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