PwC

PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, England. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along with Deloitte, EY and KPMG. The PwC network is overseen by PricewaterhouseCoopers International Limited (PwCI), an English private company limited by guarantee, which is responsible for managing the global brand, setting strategy and overseeing common standards. PwC operates in 149 countries, with a global workforce of more than 370,000 people (as of FY 2024). As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe, and 5% in Middle East and Africa. The company's global revenues were US$55.4 billion in FY 2024, of which $19.5 billion was generated by its Assurance practice, $12.6 billion by its Tax and Legal practice and $23.3 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC in September 2010 as part of a rebranding effort. In April 2025, PwC shut down its operations in nine African countries. The firm has been embroiled in a number of corruption controversies and crime scandals. The firm has on multiple occasions been implicated in tax fraud and tax avoidance practices. It has frequently been fined by regulators for performing audits that fail to meet auditing standards. Amid the Russo-Ukrainian war, PwC assisted Russian oligarchs to hide their wealth and contributed to bypassing global sanctions placed on Russia over its invasion of Ukraine.