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Is this happening? If so, I'd love to now have CPEs to worry about nor all that independence BS.
This story seems vaguely familiar....oh yeah...sounds like 2000 when pwc sold their practice to ibm and it went to shit
Yeah, pretty sure it’s just PwC Public Sector. Lol selling the entire Advisory practice..
And why would someone buy it ?
Huh? I thought they were just spinning off their government sector work... what did I miss?
No one would buy it. Nor would I recommend they do
Who are they selling the PS to?
There was an article late last year that the public sector Advisory practice was being shopped to allow more focus on government audit work. No deals announced yet and not certain one will.
I haven’t heard of the whole Advisory line of service being sold, which would be surprising as it’s been a source of much of the US firm’s growth in the past dozen years. I understood the separate LLC to be a tax play, and all the partners are of course still part of the US LLP.
I actually have heard the rumour of selling off all of Advisory due to challenges posed by the audit restrictions and our size relative to the other LOS. Seems a stretch but people are talking about it.
What’s advisory’s size relative to the other los?