The Big Five firm said it intends to file a registration statement for an initial public offering in the Spring.
The flotation comes two years after the firm announced its intention to separate its consultancy and audit divisions on the back of a crackdown on auditor independence by US watchdog, the Securities and Exchange Commission.
Earlier this week Tom O’Neill replaced Scott Hartz as head of PwC Consulting, in a move seen as precursor to the seperation of the two arms.
Observers view the move as a hasty attempt to divert attention away from the firm as US investigators probe Andersen over its role as auditor to Enron, the collapse energey giant.
More details to emerge soon.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel