برايس ووترهاوس - شبكة المحاسبين العرب

الإثنين, 06 مارس 2023 16:15

«جى أى جى للتأمين» تنتهى من التأهل لتطبيق المعيار 17 بالتنسيق مع «برايس ووتر هاوس»

انتهت شركة جى أى جى للتأمين مصر، ذراع مجموعة الخليج للتأمين بنشاط تأمينات الممتلكات والمسئوليات فى السوق المصرى، من التأهل لتطبيق المعيار الدولى لعقود التأمين IFRS-17.

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الإثنين, 27 سبتمبر 2021 10:34

برايس ووترهاوس كوبرز تضيف 100 ألف وظيفة!

تستثمر شركة برايس ووترهاوس كوبرز 12 مليار دولار عبر أعمالها العالمية في إصلاح شامل يستهدف عمليات تدقيق أفضل

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المحتوى بالإنجليزية PwC to add 100K jobs in $12B strategic revamp

PricewaterhouseCoopers LLP is investing $12 billion across its global business in an overhaul targeting better audits, digitization of services and greener operations.

The professional-services provider will hire 100,000 employees and develop the skills of existing staff over the next five years as it seeks to respond to the post-pandemic operating environment, it said in an emailed statement on Tuesday.

“We will continue to evolve our ways of working, and expand our capabilities in the areas that matter most for the future, while remaining steadfast in our commitment to quality,” PwC Chairman Bob Moritz said. “We want our people to be the most sought after in the market.”
Auditors are grappling with managing quality amid a shift in ways of working introduced by the COVID-19 pandemic. The International Auditing and Assurance Standards Board has revised standards for auditors, coming into effect in 2022, to boost technology use, help manage new risks, and improve quality management.

PwC is also seeking ways to address growing calls for transparency in the profession from stakeholders after several accounting scandals among the Big Four auditing firms knocked public trust. In South Africa, for example, KPMG has put in place a variety of reforms after it came under fire in 2017 for work done for a politically connected family accused of plundering the government’s coffers.

The South African unit of PwC will add at least 2,500 new employees over the next five years, Chief Executive Officer in the region Dion Shango told reporters in a conference call. Across Africa, where it has a presence in 34 countries, the firm plans to bulk up its operations with a $400 million investment. The company is also interviewing for non-executive directors to strengthen audit oversight.

PwC has also set aside $3 billion of its total global investment to help double the scale of its Asia-Pacific operations, it said. The firm’s spending will also focus on responding to environmental, social and governance trends across its operations.

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الخميس, 16 سبتمبر 2021 10:07

مدقق ديلويت السابق يواجه إجراءً تأديبيًا على Steinhoff

يواجه شريك Deloitte LLP السابق إجراءً تأديبيًا في هولندا بسبب إجراء تدقيق غير لائق

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المحتوى بالإنجليزية An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than three years ago.

The Dutch Authority for the Financial Markets accuses Patrick Seinstra of failing “to obtain sufficient and appropriate audit evidence from the annual accounts,” according to papers from the hearing.

Deloitte refused to sign off on Steinhoff’s accounts in late 2017, leading to the resignation of then Chief Executive Officer Markus Jooste and a share price slump. The firm had been auditing Steinhoff for years, initially in South Africa and then from Europe after the company moved its primary listing to Germany.

Rugby training shields advertising Steinhoff International Holdings in storage at the University of Stellenbosch rugby field in Stellenbosch, South AfricaWaldo Swiegers/Bloomberg
In the probe that followed the scandal, PwC uncovered 6.5 billion euros ($7.8 billion) of irregular transactions between Steinhoff and eight firms between 2009 and 2017.

The AFM’s claims specifically relate to Steinhoff Europe, where the PwC forensic investigation showed a large part of the alleged fraud took place. The retailer’s European accounts were audited by Commerzial Treuhand GmbH, and the regulator says Seinstra failed to check the German firm’s submission was correct.

Commerzial Treuhand is not aware of any misconduct in its work, Managing Director Timo Cybucki said by email.

Seinstra submitted an “extensive statement of defense” in response to the AFM’s complaint. This focuses on Steinhoff’s background and the planning and design of the audit and the fraud, according to the AFM papers. Still, the AFM maintains that Seinstra “has acted culpably under disciplinary action”.

The Auditor’s Chamber can impose measures ranging from a conditional fine to a cancellation of the accountant’s registration. Still, it can’t issue an order for costs or decide compensation in the way a civil court judge can.

Deloitte Netherlands discovered irregularities at Steinhoff during the annual audit in 2017, “despite the fact that the auditor was found to have been deliberately misled,” it said in an emailed response to questions. It then insisted on “an independent investigation” that confirmed “the complex management fraud.”

Deloitte hasoffered a contribution of 77.9 million euros toward Steinhoff legal settlements, without admitting liability and in exchange for certain waivers.

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الإثنين, 03 أكتوبر 2022 12:53

برايس ووترهاوس كوبرز تطرح تطبيقات الذكاء الاصطناعي الضريبية والمحاسبية

تطرح برايس ووترهاوس كوبرز تطبيقات الذكاء الاصطناعي الضريبية والمحاسبية

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المحتوى بالإنجليزية PwC rolls out tax and accounting AI apps
By Michael Cohn
February 24, 2021, 5:40 p.m. EST
3 Min Read
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PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.

The Big Four firm has packaged together the products it’s developed over the past three and a half years into a set of applications it calls Digital on Demand. They include apps for analyzing invoices for fraud, identifying cost reductions from credit card bills, and automatically reading and processing details from tax forms, invoices and other financial documents.

The online tools build on the ProEdge upskilling apps the firm showcased last fall for training employees (see story). That started with its own employees, but now PwC is rolling them out to clients, many of whom are working remotely during the pandemic.

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“A couple of years ago, we started our digital journey at PwC, where we really said it’s not just about putting technology in our people’s hands, but we really have to digitally upskill our workforce,” said PwC Labs and tax technology leader Michael Shehab. “We’ve been on that journey for about three and a half to four years. As part of our digital upskilling journey, it was not our original intent, but we realized we had created a lot of intellectual property in technology. As we upskilled our employees, we realized the industry and communities needed a lot of upskilling as well.”

PwC tried to make the tools as usable and familiar as online shopping apps. The firm has now provided its clients with around 350 “digital accelerators” for various uses.

“Whether you’re in a controllership, internal audit, a tax function, a finance department, or a forecasting department, we believe we have created a digital accelerator that can drive additional productivity,” said Shehab. “In the process of driving productivity for our clients, you’re also learning the tool and learning the technology and you’re digitally upskilling.”

After testing out the digital accelerators internally until they’re mature, PwC markets them to its clients. “Within the tax space, we have many assets that extract information from tax forms,” said Robin Stein, director of PwC Labs. “PwC’s AI models are incorporated within Digital on Demand, so the user has the benefit of PwC’s investment in data scientists and annotating models, and extracting information from tax forms. There are a number of data workflows to think about on state and local tax calculations, and being able to calculate that on a state by state basis, where PwC has the domain knowledge and makes sure the business logic is up to date. The user would be able to come in and leverage that by just downloading the app and using it.”

The tools can help clients deal with state and local tax audits by extracting information from tax forms, legal documents and other sources. “You have the ability to really take the words and numbers off of a page, digitize them and analyze them,” said Shehab.

Clients can use the apps to assess the impact of recent tax and finance legislation like the CARES Act on their company. “There are a number of visualizations that will model out the impact of the changes in tax legislation,” said Stein. “That’s definitely of primary importance for clients right now.”

PwC clients are using the apps in various industries, including financial services and manufacturing, but tech clients have been using them the most. “The technology industry tends to be savvy, and they like modern-day tools like this, so we’ve had a lot of success with the technology industry,” said Shehab.

Corporate clients can use the tools for modeling the multinational provisions of the U.S. tax system. “At this point in time, we’re not focused on global taxes, but some of the international components that go into a U.S. tax return,” said Shehab.

So far, the Digital on Demand set of tools has attracted positive interest from clients since PwC made the apps available in December. “It’s been a pretty overwhelming response in the market in this post-COVID environment,” said Shehab. “We didn’t release it because of COVID, but everyone’s working virtually. Everyone’s concerned about how to continue to upskill their workers in this not-in-person environment, so this has hit very well. This really enables you to drive more productivity and in a very digital, virtual way.”

He sees Digital on Demand as a follow-up to the ProEdge digital training tools that PwC made available last fall and predicts that more of them will be coming in the future. “You’re going to see a pattern more and more from PwC that we’re taking all of our intellectual property and turning it into products and offerings to the market,” he said.