The US Internal Revenue Service is auditing the accounts of Big Four Firm
PricewaterhouseCoopers, focusing on the sale of its non-auditing businesses in
According to the Wall Street Journal, the IRS is examining the sale
of its management-consulting practice to International Business Machines Corp
(IBM) for about $3.5bn (£1.85bn) as well as the disposal of its actuary and
corporate-valuation arms in 2002 and 2003.
‘We expect our current IRS exam to be satisfactorily concluded before the end
of the calendar year,’ a PwC spokesman told the WSJ.
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team
John Mendes has been appointed partner in the City of London office at MHA MacIntyre Hudson
Jon Maile has been promoted to partner in the South East as the head of audit at Grant Thornton
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live