Singapore, 5 January 2009 – PricewaterhouseCoopers (PwC), a previously existing accounting partnership in Singapore had on 1 January 2009 converted into an accounting limited liability partnership (LLP) known as PricewaterhouseCoopers LLP (PwC LLP), pursuant to the Accountants Act, Chapter 2 and the Limited Liability Partnerships Act, Chapter 163A.
PricewaterhouseCoopers Services Pte Ltd, a previously existing private limited company in Singapore, had also converted into a limited liability partnership on 1 January 2009, and is now known as PricewaterhouseCoopers Services LLP (PwC Services LLP), pursuant to the Limited Liability Partnerships Act.
PwC LLP provides Assurance and Advisory professional services, and PwC Services LLP provides Tax services and professional services in Infrastructure, Government and Utilities projects.
“With the conversion, business remains as usual for us,” says Mr Gautam Banerjee, Executive Chairman of PwC LLP and PwC Services LLP. “We continue to deliver a distinctive experience to
our clients and remain committed to our People strategy – especially in coaching and developing our people.”
The decision to convert the two PwC entities to limited liability partnerships is similar to developments observed both within and outside Singapore. The PricewaterhouseCoopers firms in United Kingdom and the United States are already operating as limited liability partnerships. In Singapore, many of the other accounting and professional services firms have also converted.