October 6, 2001 |
Xerox Corp. replaced an accounting firm that had found fault with its management after investigating the finances of the struggling copier and printer company. Xerox said PricewaterhouseCoopers will replace KPMG as its independent accounting firm effective Dec. 31. KPMG said in documents Xerox filed with the Securities and Exchange Commission that its review found evidence that Xerox management "was not successful in setting the appropriate tone with respect to financial reporting."
August 5, 2005 |
Lawyers for former American International Group Inc. Chief Executive Maurice "Hank" Greenberg have questioned a decision to cut $2.26 billion from the insurer's net worth and said PricewaterhouseCoopers' role in the insurer's accounting woes should be examined.
March 11, 2008 |
Moscow and Istanbul, Turkey, real estate investment returns are likely to surpass those of Paris and London because of optimism that faster growth in emerging markets will push up rents and fuel demand for property, according to a survey of investors, brokers and analysts. "There is an increasing appetite for emerging markets," said John Forbes, the London-based head of real estate at PricewaterhouseCoopers. London fell to 15th place out of 27 cities for 2008, from second last year, and Paris dropped to fifth from first, the Urban Land Institute and PricewaterhouseCoopers said in a report.
June 1, 2007
Re "Development ban on VA campus struck from bill," May 29 It could not be more clear that President Bush wants to "support our troops" by selling the land that was donated to the government for veterans' hospitals and healing. It is more than a belief that this has always been the administration's plan. The 2005 contract between the Department of Veterans Affairs and PricewaterhouseCoopers calls for the consultant to perform a study to "find the most probable non-VA use" using the "best commercial practices" for the commercial "reuse," not veterans' use, of the land.
July 18, 2002 |
PricewaterhouseCoopers has agreed to pay $5 million to settle allegations by federal regulators that it broke rules meant to ensure that auditors remain independent from the companies whose books they oversee. PricewaterhouseCoopers neither admitted nor denied wrongdoing in the settlement that the Securities and Exchange Commission announced. The firm agreed to be censured for engaging in improper professional conduct and to make changes in how it operates, the agency said.
May 12, 2001 |
PricewaterhouseCoopers Chief Executive Jim Schiro, 56, will retire as soon as a successor is found, the world's largest accounting firm said. No reason was given by the company for Schiro's departure. Schiro said earlier that "the timing was right." Mandatory retirement age for the firm's partners is 60, the company said. The process of finding a successor will take six to nine months, a spokesman said.