Outsourcing
Contracting formerly internal tasks to an external organization
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| September 2024 | PwC ZhongTian (PwC's auditing business in China) was suspended for six months by China's securities regulator, who also confiscated PwC's Evergrande audit revenue and imposed a $62 million fine. |
| May 2024 | PwC became ChatGPT Enterprise's biggest customer and will start reselling OpenAI's service for large businesses. |
| February 2024 | Evergrande liquidators prepared for a potential lawsuit against PwC related to the company's financial collapse. |
| 2023 | PwC acquired Surfaceink, a hardware designer. |
| July 2023 | PwC completed an internal investigation, resulting in the removal of eight partners, including former chief executive Tom Seymour, due to the tax leak scandal. |
| July 2023 | PwC sold its Australian government consulting business to Allegro Funds for $1, with the business subsequently rebranded as Scyne Advisory. |
| January 2023 | PwC approved Americanas' (AMER3) balance sheets despite significant accounting inconsistencies of approximately US$4 billion, leading to stock market volatility and shareholder losses. The CVM (Brazilian stock exchange regulatory body) subsequently initiated investigations into PwC's auditors to determine their responsibilities. |
| 2022 | PwC member firms outside of Russia refrained from doing work for sanctioned Russian entities or individuals, and committed to applying global sanctions universally. |
| 2022 | PwC reported a total global workforce of 295,371 employees, distributed across Americas (73,601), Asia Pacific (98,876), and Europe, Middle East, and Africa (122,894). |
| July 5 2022 | PwC Ukraine announced the final exit of the company from Russia, confirming that all aspects of departure were completed on July 4, 2022. |
| June 2022 | PwC was fined by the UK's Financial Reporting Council over audit failures related to Galliford Try and Kier Group construction firms. The fine was just over £3m for inadequate auditing of revenue and costs in 2018 and 2019, with an additional £1.96m fine for similar failures in the 2017 Kier Group audit. The original fines were reduced due to PwC's cooperation with the investigation. |
| June 30 2022 | A legal agreement was signed on the withdrawal of the firm in Russia from the PwC network. |
| April 2022 | PwC responded that it cannot repay the amount of salary paid to Swapna Suresh and was subsequently terminated from the Kerala Space Park project consultancy services. |
| April 29 2022 | PwC Russia announced the withdrawal of the brand from the PwC network. |
| March 7 2022 | PwC stated that under the circumstances, they should not have a member firm in Russia and announced plans to leave the PwC network. |
| February 2022 | The Kerala state government requested PwC to refund INR 16 Lacs paid in salary to Swapna Suresh, who was accused in a gold smuggling case. |
| 2021 | The New York Times conducted an investigation revealing that PwC staff were strategically seeking employment at the Treasury Department, pursuing policies that benefited PwC clients. After their tenure at the Treasury Department, these staff members were subsequently promoted to partner positions within PwC, highlighting a potential 'revolving door' dynamic between the consulting firm and government agency. |
| October 2021 | The Hong Kong accounting regulator announced an investigation into PwC's audit of Evergrande after the company's financial collapse. |
| October 2021 | PwC resigned as auditor of Evergrande's accounts following the announcement of the fraud investigation. |
| July 2021 | PwC was sued by administrators Alvarez and Marsal on behalf of JD Classics for negligence related to previous audits, with the lawsuit alleging a failure to identify fraud that resulted in £41m in losses |
| June 2021 | PwC, together with Edelman, launched the Trust Leadership Institute, a program aimed at developing leadership strategies. |
| 2020 | The International Consortium of Investigative Journalists (ICIJ) leaked over 700,000 internal documents exposing PwC's involvement in facilitating financial dealings for Isabel dos Santos, daughter of Angola's former President, which revealed a complex network of over 400 companies designed for tax evasion and steering state contracts. |
| 2019 | PwC's US affiliate agreed to pay $7.9 million to the Securities and Exchange Commission (SEC) to settle allegations of improperly performing IT and other non-audit services for several audit clients. |
| September 2019 | The securities appellate tribunal overruled the ban on PwC, stating there was no evidence of collusion and that SEBI had no jurisdiction over audit firms. |
| March 2019 | A federal judge in San Francisco certified a collective action lawsuit against PwC regarding age discrimination, with plaintiffs claiming younger applicants were over 500% more likely to be hired than candidates over 40 years old. |
| March 2019 | The FDIC reached a $335 million settlement with PwC regarding the Colonial Bank audit controversy. |
| 2018 | PwC Australia CEO Luke Sayers was implicated in a potential conflict of interest regarding a personal investment in Australian Visa Processing (AVP), a company partially owned by PwC that was bidding on a potentially billion-dollar contract to redesign Australia's visa processing system. |
| 2018 | A federal judge ordered PwC to pay the FDIC $625 million, which was the largest-ever judgement against a U.S. audit firm. |
| 2018 | PwC was banned by India's securities regulator from providing auditing services to public-listed companies for 2 years and fined $2 million. |
| 2018 | PwC published its Global Annual Review, detailing the firm's revenue breakdown across different global regions, with total revenues spanning multiple geographical areas including Americas ($17.454 billion), Western Europe ($13.864 billion), and Asia ($5.675 billion). |
| 2018 | PwC was accused of age discrimination, with allegations that the company disproportionately hired younger workers and maintained an age-conscious workplace that undervalued employees over 40 years old. |
| 2018 | Veritas Capital acquired PwC's US public sector business, which was rebranded as Guidehouse. |
| 2017 | PwC conducted another audit for JD Classics that was later claimed to have failed to identify fraudulent activities |
| 2017 | U.S. District Court for the Middle District of Alabama held PwC liable for professional negligence in its audit of Colonial Bank. |
| 2017 | PwC restructured its service lines, reporting revenue shares for Assurance (41%), Advisory (33%), and Tax (25%) services. |
| 2017 | The Financial Reporting Council (FRC) severely reprimanded PwC and its audit partner for their conduct in the 2009 audit of Connaught, imposing a record fine of £5 million plus additional costs. |
| 2017 | BT Group reported that profits in its Italian subsidiary were over-stated by £530 million, leading to a significant audit controversy involving PwC. |
| November 2017 | PwC was involved in a controversial due diligence and valuation of MBC Group while the media company's owner, Waleed bin Ibrahim Al Ibrahim, was allegedly detained at the Ritz-Carlton in Riyadh under potential coercion to sell the company to the Saudi Crown Prince. |
| November 2017 | PwC became the first of the Big Four accounting firms to accept bitcoin as payment for advisory services. |
| July 2017 | PwC Ukraine has its audit license revoked by the National Bank of Ukraine for allegedly verifying misrepresented financial information, which contributed to a $5.5 billion balance-sheet hole in PrivatBank. |
| June 2017 | The Financial Reporting Council declared no 'realistic prospect' of ruling against PwC regarding its involvement in the 2014 Tesco accounting case. |
| June 2017 | The Financial Reporting Council initiated an investigation into PwC's audits of BT, covering the audit years 2015 through 2017, in response to the financial misstatement. |
| March 2017 | The Academy's board of governors voted to retain PwC's services after the Oscars envelope mix-up, establishing new protocols with greater oversight from PwC's U.S. chairman Tim Ryan. |
| March 2017 | A Luxembourg appeals court upheld the convictions of the two LuxLeaks whistleblowers, though with reduced sentences. |
| February 2017 | During the 89th Academy Awards, PwC partner Brian Cullinan mistakenly handed the wrong envelope to presenters Warren Beatty and Faye Dunaway, resulting in La La Land being incorrectly announced as the Best Picture winner instead of Moonlight. |
| January 2017 | PwC announced a five-year agreement with GE to provide managed tax services globally, transferring more than 600 of GE's in-house global tax team to PwC. |
| January 2017 | PwC released the Women in Work Index study, revealing that the UK would require approximately 24 years (until 2041) to close its gender pay gap. |
| 2016 | PwC concluded its period of controversial financial auditing of South African Airways, during which the firm was found to have failed to properly scrutinize the organization's financial and accounting processes. |
| 2016 | Ukrainian government nationalizes PrivatBank to protect its 20 million customers due to a significant financial crisis. |
| 2016 | Mark Allaby, a senior PwC executive, resigned from the board of the Australian Christian Lobby due to public pressure and internal concerns, following the organization's campaign against same-sex marriage. |
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