Pwc

PwC UK has communicated to its staff that it will monitor office attendance starting in January. The move comes as part of a stricter hybrid working policy, requiring staff to be in the office or at client sites for at least three days a week.

PwC's China business, PwC Zhong Tian, has said it anticipates to receive a six month business ban from Chinese authorities, starting as early as September, due to its audit of the collapsed property developer Evergrande. The Chinese securities regulator previously found that Evergrande had infl

A UK property developer, Revelan, is suing PwC for £6.6 million in London's High Court. The developer alleges PwC provided "negligent" tax advice which resulted in a £3m tax bill from HMRC. Revelan alleges PwC miscalculated their tax liabilities over a five-year period, errors which PwC

In what marks the first time the Financial Conduct Authority (FCA) has fined an audit firm, the regulator has issued PwC a £15 million penalty for failing to report suspicions of fraud at now-defunct London Capital & Finance (LCF).

Zelf Hussain, Rachael Wilkinson and Peter Dickens of PwC have been appointed as joint administrators of Carpetright Ltd. On appointment, the joint administrators completed a sale of 54 stores and two logistics hubs to CWHP Ltd, part of the Tapi Group. The transaction includes the transfer of 308 emp

PwC made 234 promotions across Scotland, including two new equity partners and seven director appointments. The latest round of promotions – which extends to team members across all lines of service in PwC’s three Scottish offices – also includes seven new directors.

Scotland's economy is projected to grow more in this year compared with last year, with real GVA expected to be 0.9% higher across 2024, according to PwC. The Big Four firm's latest Economic Outlook reveals that, while considered subdued, the rate of growth north of the border is greater t

PwC UK has informed its employees of reduced bonuses in certain divisions, smaller pay rises, and a cutback on the popular half-day Fridays perk due to "challenging market conditions". In a memo, chief people officer Ian Elliott told the Big Four firm's 26,000 staff that while the overall bonus pool

PwC has initiated a "silent lay-off" round in the UK, offering voluntary severance to staff in consulting, risk, operational, and managed service divisions in London and Belfast. Affected employees have been individually notified and instructed not to disclose their departure to colleagues or the na

Scotland witnessed a net closure of one store per day in 2023, according to a report by PwC and The Local Data Company (LDC). While 1,069 stores closed, 732 new outlets opened, resulting in a net loss of 337 shops and outlets belonging to chains with five or more locations.

The latest iteration of PwC’s Women in Work Index sees Scotland rise two places to rank top of the UK’s nations and regions. First launched in 2011, the Index is a weighted average of five indicators that reflect women’s labour market outcomes and assess progress made towards achie

PwC UK has made the decision to delay the promotion of 90 junior consultants, keeping them on the graduate programme for a further six months, citing insufficient work amidst a challenging market environment. The decision specifically affects graduates who joined PwC's consulting practice in late 20

An increasing number of financial services (FS) CEOs have shown they will accept reduced profits to support environmentally sustainable investments, as revealed by PwC's 27th annual CEO Survey.

Accountants from EY and PwC are set to face questioning in the upcoming sixth phase of the Williams Inquiry, shedding light on their role in the Post Office scandal linked to the Horizon IT system.

PwC has warned that nearly 30,000 businesses across the UK are set to fail next year, marking the highest corporate insolvency levels since 2004. The Big Four firm predicts a 15% surge in insolvencies over the next 12 months, with small businesses, particularly in catering and hotels, facing the gre