PracticeAccounting FirmsPwC reveals US ‘partner’ profits

PwC reveals US ‘partner’ profits

Profits of between $1bn (?500m) to $1.4bn (?700m) available for partners

PricewaterhouseCoopers in the US has
revealed that it has between $1bn and $1.4bn in profits to distribute to its
partners, the first time one of the
Big Four has
revealed such information, the Wall Street Journal reported.

The firm had revenues of $6.9bn (?3.5bn) in its fiscal year ended June 30,
2006, the firm’s chairman
Dennis
Nally
said.

PwC, like the other Big Four firms, is a private partnership, and is not
required to disclose financial information.

Further reading:

PwC to stay put in Russia despite Yukos problems

Deloitte ousts PwC as Royal & Sun auditor

PwC finds more professionalism on trustee boards

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