RIP and everything but wtf is this. Transaction advisory services group of the audit practice? The ignorance of this Wikipedia page grinds my gears ⚙️

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Actually many companies' transaction services started within the audit practice initially. Audit partners got into transaction services and continue to build up that group.

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PwC transaction advisory group is called CMASS. For legal structure purposes they were in the same branch as audit until a few years ago. Although they were in the same branch they shared no responsibilities, personnel or projects. This is because many did not consider accounting advisory a consulting solution and wanted to keep it separate from the other management services groups. All of the controls still existed making sure there is a separation between audit clients and advisory clients.

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Why does the Wikipedia page grind your gears? Why does anyone actually say something grinds their gears?

funny

RIP and everything is crazy hahaha

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He worked there 20 years ago. Does it matter?

Pretty sure the wiki now has some very different language

Someone must have read his Wikipedia page and gotten too annoyed by it.

No other reason to explain what happened 👀

In the 90s they didn’t have separate advisory transaction groups. The PE machine had not exploded yet so it was mostly strategic M&A. Audit and tax partners would help their respective clients with M&A advice. It wasn’t until the early 2000s that most firms started their own transaction advisory groups.

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