PWC CMAAS = transaction services?

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Yes, in the assurance vertical and the Deals horizontal. It’s technical accounting and transaction focused accounting. Eg carveouts drbt offerings iPos. There is very little transparency in the group. Even the directors don’t know what’s really going on

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Yes it does technically fall under transaction services in the weird matrix classification. PwC 1 described it well.

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CMAAS is accounting advisory - roughly the equivalent to EY’s FAAS practice. Primary focus is technical accounting advisory, sometimes in the context of a transaction. PWCs financial diligence practice is referred to as Deals Transaction Services

Yes both practices benefitted from accounting change but now need to find revenue to sustain themselves as practice

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