TS WAS INTRIGUED to see that PwC had issued a comment over losing the BG Group audit to E&Y.
‘That's an unusual thing to do' was the gist of comments from within the bowels of TS Towers yesterday afternoon.
In fact, firms don't seem to like any attention even when they win audit contracts. They don't like talking about clients, you see. What a boring lot.
So here's what James Chalmers, PwC's UK head of assurance, said: "We operate in a fiercely competitive market where all participants win and lose audits. We are committed to delivering high-quality audits for the benefit of our clients and their shareholders."
And then it became clear to TS. What message is PwC (along with the other Big Four firms) trying to push out? That the market is competitive enough without those nasty Competition Commission or EC bods sticking their noses in.
Hence, PwC's comment. TS isn't just a pretty face, you know.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.