Strategy & operations
Find recent insights and solutions related to strategy and operations
M&A snapshot
Cross-border acquisitions - Navigating SEC reporting requirements (M&A snapshot)
4/7/14 | Assurance servicesThis edition of Mergers & acquisitions — a snapshot is the second in our series focused on navigating the waters of a cross-border acquisition. The series looks at various aspects along the deal continuum, including pre-acquisition due diligence and strategies, financial reporting requirements, tax implications, and post-acquisition considerations. This edition provides insights on SEC and other financial reporting requirements that may apply in a cross-border acquisition. Read more
- Breaking the rules: Achieving breakthrough innovation in financial services
4/15/14 | Financial Services Institute
Financial institutions can no longer grow through cost cutting and reengineering alone. Read on to learn how breakthrough innovation can help leading organizations gain a competitive advantage.
- Cure for the Common Culture: Building Effective Risk Cultures at Financial Institutions
4/15/14 | Financial Services Institute
What are the best ways for financial services firms to establish an effective risk culture? We share some tips to keep your culture clean and clear of regulatory risk.
- CFOs on the Move: Week ending April 11, 2014
4/11/14
Stay current on the career moves of your fellow financial professionals in companies across the U.S.
Webcast
Data Protection & Privacy: Building customer trust through data privacy webcast - May 8, 2014Risk Assurance
PwC's Risk Assurance Data Protection & Privacy practice invites you to attend our upcoming webcast. Data privacy is an urgent issue for both consumers and businesses. This webcast will focus on the following topics to help companies enhance their processes and build customer trust: (1) Elevating privacy to the board level, (2) Establishing privacy as a business differentiator, (3) Developing strategies for an effective privacy program, and (4) Responding to incidents and leveraging the lessons learned.
Webcast
Trends in Workforce Analytics - including the latest results from PwC Saratoga's US Human Capital Effectiveness Report - May 6, 2014US tax services
In this webcast we will discuss business leaders recognize that talent is a critical enabler to achieving their business strategies, and recognize that better information about their workforce is mandatory for decision making. Improving workforce analytics capabilities enables HR organizations to address leadership's need for robust information. Saratoga benchmark results for 2014 suggest, however, that real improvement opportunities still need to be made for most organizations.
- Workforce of the future: How strategic workforce planning can help financial institutions today, tomorrow, and beyond
4/7/14 | Financial Services Institute
Top-performing teams don’t happen by accident; they’re built to support an organization’s strategy and culture. Do you have the people who can make your strategy happen?
M&A snapshot
Cross-border acquisitions - Navigating SEC reporting requirements (M&A snapshot)4/7/14 | Assurance services
This edition of Mergers & acquisitions — a snapshot is the second in our series focused on navigating the waters of a cross-border acquisition. The series looks at various aspects along the deal continuum, including pre-acquisition due diligence and strategies, financial reporting requirements, tax implications, and post-acquisition considerations. This edition provides insights on SEC and other financial reporting requirements that may apply in a cross-border acquisition.
- PwC’s Q1 IPO Watch Finds IPOs Continue to Dominate the Capital Markets as Activity More than Doubles Compared to Q1 2013
4/2/14 | Transaction services
The robust market for initial public offerings (IPOs) continued in the first quarter of 2014, and momentum is expected to remain strong into the second quarter, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US.
- HR Innovation - Winter 2014
4/2/14 | Human resource services
HR Innovation offers advanced thinking about the challenges that should be uppermost on the minds and agendas of organizations and their Human Resources (HR) leaders. In this issue of HR Innovation, we focus on the continually changing HR landscape and what organizations need to do to take control of today’s opportunities and tomorrow’s decisions.
- Acquiring Innovation: Strategic deal-making to create value through M&A
4/2/14 | Transaction services
M&A in pursuit of innovation is a high-potential source of growth. That's what we learned in a survey of tech companies, where 76 percent of innovation-focused acquisitions met or exceeded expectations. Led by the right inorganic growth strategy and accompanied by a holistic approach to deal execution, business leaders in all industry sectors can apply key lessons learned from innovation-intensive industry sectors to their own business and accelerate growth. Read to explore the key success factors in acquiring innovation.
- Game on: Private Equity Investment in Africa
4/2/14 | Transaction services
Over the past several years, interest in Africa as a destination for investment has been growing at a steady clip. Private equity was the first to make serious inroads into this heterogeneous continent of 54 countries. More recently, multinational corporations and a variety of other investors have entered the fray.
Webcast
Eliminate Cash Leakage with Oracle Advanced Financial Controls for Healthcare Providers - PwC and Oracle webcast - April 17, 2014Risk Assurance
PwC's Risk Assurance Group invites you to attend the Eliminate Cash Leakage with Oracle Advanced Financial Controls for Healthcare Providers webcast to learn how Oracle Advanced Financial Controls can provide a thorough financial controls solution for your organization.
- PwC's 6th Annual Digital IQ Survey
4/1/14 | Advisory services
Download our 2014 Global Digital IQ Survey and explore the wealth of data and PwC insights, gleaned from 1,100 companies around the world, and across industries.
- M&A Integration: Looking beyond the here and now. PwC’s 2014 M&A Integration Survey Report
4/1/14 | Transaction services
In 2008 and 2011, our tri-annual M&A Integration survey reports underscored the need for early planning and an accelerated transition as critical factors for successful integration.
This 2014 survey report confirms these factors remain in today’s deals, and offers additional insights – showing that while early planning and rapid transition remain important, the commitment to integration completion over the long-term can be the deciding factor for deal success. - Turning frowns upside down: How financial institutions can transform complaints into a competitive advantage
3/31/14 | Financial Services Institute
When things go wrong, word travels fast. But, if financial institutions resolve the issue quickly, customers tend to stay. A strong complaint management program is key.
- The art of letting go: Middle- and back-office right-sourcing options for insurance investment management
3/31/14 | Financial Services Institute
Insurers can transform their investment management middle- and back-office functions to gain a competitive advantage. Which right-sourcing approach will work for you?
- Doing more with more: How P&C insurers are creating an information advantage with 3rd party data
3/25/14 | Insurance
Look at how 3PD is dramatically altering the information management, analytics and decision-making landscape, as well as some leading practices on successfully integrating and exploiting 3PD.
- Private company accounting alternatives on goodwill (Observations from the front lines)
3/25/14 | US Capital Markets and Accounting Advisory Services
Recently the FASB issued an Accounting Standards Update to permit private companies to amortize goodwill acquired in a business combination, and to apply a simplified goodwill impairment model. This change is intended to help reduce reporting complexity for private companies; however, private companies should carefully consider this alternative, especially for those considering an initial public offering.
- US health services deals insights: analysis and trends in US health services activity 2013 and 2014 outlook
3/24/14 | Transaction services
In 2013, the most notable deal activity was in the hospital sector. While hospital deal volume was down, hospital deal value increased from $1.9 billion in 2012 to $18.6 billion in 2013.
Webcast
Entity Close: How to Achieve Speed, Control and Compliance using GRC - PwC and SAP Webcast - April 8, 2014Risk Assurance
PwC's Risk Assurance Group invites you to attend the Entity Close: How to Achieve Speed, Control and Compliance using GRC webcast, to understand how GRC solutions can be leveraged to improve your closing process.
Meeting
Corporate Development Conference: Ensuring Unwavering Focus on Business GrowthThis Conference Board event will explore the evolving role and complexities of corporate development teams and how these individuals are playing a more crucial role in shaping the business agenda that ever before.
- An HR perspective, The Future of Healthcare Benefits - Employers’ opportunity for strategic change in the new healthcare world
3/13/14 | Human resource services
PwC recently convened several roundtables of employers in New York, Chicago, and Atlanta to discuss health coverage at this pivotal moment. This thought leadership article highlights the conversations and results of the related survey.
Webcast
Center for Board Governance quarterly webcast - The latest on cybersecurity - March 27, 2014Center for Board Governance
PwC's Center for Board Governance invites you to join the next session in their Quarterly Webcast Series, designed to help board and audit committee members more effectively meet the challenges of their critical roles. On March 27, Mary Ann Cloyd, Leader of PwC's Center for Board Governance, will discuss the increasing demands of cybersecurity with The Honorable Tom Ridge and PwC's Charles Beard.
- CFOs Seek Surer Footing for the Path Forward
3/12/14
U.S. finance leaders are looking for more signs of stability in the year ahead, according to the latest Duke University/CFO Global Business Outlook Survey.
- Pensions and other postretirement benefits: 2013 SEC comment letter trends
3/11/14 | Human resource services
This PwC publication includes an analysis of comments made by the SEC staff to registrants published on the SEC’s website between January 1, 2013 and September 15, 2013 related to pensions and postretirement benefits other than pensions (OPEB). There were 37 companies that received one or more comments related to pensions and OPEB during that period, for a total of 78 comments.
M&A snapshot
Cross-border acquisitions - Due diligence and pre-acquisition risk considerations (M&A snapshot)3/6/14 | Assurance services
This edition of Mergers & acquisitions - a snapshot is the first in a series focused on navigating the waters of a cross-border acquisition. This edition focuses on the pre-acquisition phase, including how GAAP differences can impact valuation and how a company can manage the financial risk exposure that arises from a cross-border acquisition.
Webcast
Deals Webcast: Embracing Shareholder Activism: Strategy through Tactical Execution - March 31, 2014Transaction services
In this webcast we will discuss the strategic approaches and practical/transformative actions that companies can undertake to embrace shareholder activism and enhance strategic alignment and execution.
Webcast
PwC and Oracle Webcast: How M&A Activity and Organizational Change Impacts Financial Processes and Systems - March 26, 2014Risk Assurance
PwC's Risk Assurance Group invites you to attend the How M&A Activity and Organizational Change Impacts Financial Processes and Systems webcast, to learn how to Oracle Advanced Controls can be leveraged in your organizational change efforts.
Corporate Governance Series
Shareholder questions: Management's considerations for 2014 annual meetings3/3/14 | Assurance services
This PwC publication is intended to help management and the board of directors of public companies prepare for the annual meeting of shareholders. It contains example questions on topics that may be top-of-mind for shareholders, along with background information and suggested actions for management’s consideration.
- Valuation multiples and purchase allocation trends
2/27/14 | Transaction services
What are the latest comparable statistics for mergers and acquisitions and active trades in the financial services industry? Check out PwC's quarterly valuation summaries for the Banking, Insurance and Asset Management sectors. Insights include: trends in market multiples, related transactions, and transaction benchmarking analysis.
10Minutes
10Minutes on data privacy2/26/14 | Advisory services
Data protection and privacy is an urgent issue for both consumers and businesses. As customers increasingly worry whether their personal information is secure and used appropriately, companies are also concerned about protecting data and their brand. This 10Minutes highlights the importance of viewing consumer privacy from more than just a compliance lens and developing a strategy and action plan that will help businesses lead on data privacy by building customer trust and enhancing their brand.
- Economic Impact of Trade Secret Theft
2/25/14 | Forensic services
News stories, international negotiations, and recent case law continue to demonstrate the importance of securing trade secrets as a means of ensuring prosperity for companies operating in the U.S. and abroad.
- Overcoming challenges of leading innovation in medical technology and research in the global market
2/25/14 | Forensic services
Promoting healthcare solutions worldwide requires navigation of the complex and constantly changing landscape of US export control laws. How regulatory controls apply to medical devices, pharmaceuticals, and biotechnology products is unique, and understanding where and how to export these products is critical to competing in the global market. This piece discusses the effect of “dual use” controls, defense regulations, and OFAC sanctions on these products, and the risks and opportunities for this booming industry.
- US technology deal insights - Analysis and trends in US technology M&A activity 2014
2/24/14 | Transaction services
After a 2012 filled with uncertainties, 2013 witnessed a slow rebuilding of confidence and, perhaps, the charting of a path toward growth. After a first half that saw quarterly technology deal volume drop, optimism took hold with a doubling of activity in the second half. In the end, technology deal activity finished the year 18% lower, amidst IT spending growth of less than 1%. Equity markets and IPO pricings sounded a consistently contrarian note, soaring to long-forgotten highs. These leading indicators of spending and deal growth provide promise for 2014.
Webcast
Employee Benefits Accounting Webcast: Insights into the current practices and trends - from SEC comment letters to pay practices of leading private equity firms – March 26, 2014Human resource services
The accounting and reporting guidance around benefits and compensation continues to evolve. In an effort to keep you apprised of the on-going changes and updates, we are pleased to invite you to join us for our quarterly webcast series, designed for corporate financial reporting and HR executives. PwC specialists will provide their perspectives on emerging accounting, regulatory and market developments within the incentive compensation and employee benefits arena.
- Operational controllership: The quiet evolution
2/20/14 | Transaction services
Today the landscape is changing, as the operational controllership function is less about technical accounting and financial reporting support (handled by specialist technical teams) and more about creating value for the company while managing risk. The operational controller roles across the companies have evolved into new focus areas, such as reducing legal entities or improving shared services or working proactively with deal and commercial teams—all designed to drive more simplification, standardization, cost savings or revenue growth.
- Global Economic Crime Survey, 2014: Key Highlights from the U.S.
2/20/14 | Forensic services
From cybercrime to corruption, most economic crimes reported are on the rise. What does this mean for your business? Read the key highlights from the U.S.
- US Entertainment Media and Communications deal insights: 2013 year end update
2/18/14 | Entertainment & media
The entertainment, media and communications (EMC) deal market is gaining momentum once again and companies face greater competition for attractive acquisitions. We look at deal drivers and the deal outlook for 2014 in the most active sectors, including: Broadcasting, Communications, Advertising & Marketing, Publishing, Recreation & Leisure and Film/Content.
- Navigating the megatrends: Strategizing for success
2/18/14 | Aerospace & defense
Economic, cultural, social, and scientific changes like demographic shifts, urbanization, climate change, technology advances are impacting all businesses. What should aerospace & defense companies be thinking about to be successful in light of these megatrends?
- US retail & consumer deals insights: 2013 year in review and 2014 outlook
2/18/14 | Retail & consumer
Despite a lull in deal activity during Q2, total transaction value for 2013 surpassed the $100 billion mark for the first time since 2008, anchored by one of the largest consumer products deals in history with the $28 billion Heinz deal. There were several factors which challenged consumer sentiment throughout 2013, however consumer sentiment was up year-over-year driven by labor and economic improvements. We expect R&C deal activity will continue its positive momentum, but will remain challenging as supply and demand of quality assets for sale may remain divergent.
- PwC's Global Insights 2014: Drivers of growth for Cash and Carry retailers in emerging markets
2/18/14 | Retail & consumer
PwC’s Global Insights 2014: Drivers of growth for Cash and Carry retailers in emerging markets reviews the evolution of the Cash & Carry (C&C) retail model in emerging markets and provides key insights/platforms that can be leveraged for C&C evolution and growth.
Webcast
Does your risk management function also drive company performance? It should… webcast - March 14, 2014Entertainment & media
On this Entertainment, media and communications sector webcast, we will explore the characteristics and best practices in monitoring and managing key risks, and link these practices to the strategic, operational and financial business imperatives.
- Private Company Platforms – NYSE ACE Portal & NASDAQ Private Market (Observations from the front lines)
2/13/14 | US Capital Markets and Accounting Advisory Services
The broadening of private company securities sales has helped drive the development of two new offerings from the NYSE and NASDAQ OMX. Both solutions, although different in approach and focus, are designed to provide a platform and market structure for private companies to manage and conduct the sale of private company securities.
- 2013 US Capital Markets watch - analysis and trends
2/12/14 | Transaction services
Welcome to PwC’s inaugural 2013 US Capital Markets Watch. Reflecting the integrated nature of capital markets, we have broadened the discussion beyond Initial Public Offerings (IPOs) to include the equity follow-on market, the convertible market, debt markets, and spin-offs.
- Profitability 2.0: A bigger vision than just cost-cutting
2/10/14 | Private Company Services
Reconciling the need to trim with the need to grow entails working through a much more complex set of considerations than in the past. In short, many companies will have to do things differently if they're to boost their profitability.
- Trendsetter Barometer™ — Private companies eye substantial revenue growth in 2014, expect to outperform GDP forecast
2/10/14 | Private Company Services
We spoke to over 200 private-company leaders about what they envision for the year ahead. They told us they're more optimistic about the economy, have ambitious revenue goals, and plan to hire new workers in 2014. Read our report to hear what else they're planning for the year ahead.
Webcast
A focus on value creation: The year that was in oil and gas deals webcast - February 13, 2014Energy & mining
In the past year, oil and gas companies focused on maximizing shareholder value. This webcast will focus on key themes found in the PwC quarterly M&A analysis along with our insights on deals done in the past year and what the deal market for 2014 may hold.
- Answering your cybersecurity questions
2/5/14 | Advisory services
There continues to be systematic security issues with retailers in the United States. A number of recent high-profile data breaches demonstrate that cyberattacks on retail and consumer organizations are increasing in number. This piece discusses what boards and management can do to better position their companies to handle cybersecurity events. It also covers threat actors who exploit retailers via cyberspace, and provides questions to consider in the early weeks of 2014.
- Empowering business agility: Strengthening Internal Audit’s impact and value
2/4/14 | Power & utilities
Findings from the eighth annual survey of power and utilities chief audit executives.
Webcast
PwC and SAP 2014 Webcast Series - Discussing the top issues companies are asking about Transfer Pricing - February 25, March 19, April 23Advisory services
In the current economic and regulatory climate, transfer pricing implementation requires more attention than ever before, within both finance and tax teams as well as across a range of other stakeholders. It is no surprise that transfer pricing has become the top priority for any global company. You're invited to a webcast series with PwC and SAP discussing the main questions companies are asking about as it relates to their transfer pricing compliance strategy.
- 17th Annual Global CEO Survey: US Findings
1/30/14
US CEOs in our 17th Annual Global CEO Survey are finding reasons to be more confident in many places. At home, the outlook for the US economy is improving. For example, we saw momentum increase in the US deals market over 2013, and business investment is picking up.
- Technology Forecast: The future of enterprise apps: Moving beyond workflows to mindflows
1/28/14 | Center for technology and innovation
This issue of the Technology Forecast examines the future of enterprise applications. Emerging technologies, including mobility, cloud, application programming interfaces (APIs), analytics and others are giving rise to the "mindful app".
- Being prepared in a hot IPO market (Observations from the front lines)
1/23/14 | US Capital Markets and Accounting Advisory Services
Strong demand for IPOs continued in the fourth quarter of 2013, capping a robust year for the capital markets and setting the stage for continued growth in 2014. The window for raising capital in a robust IPO market tends to open with bursts of popularity then close quickly. This requires a constant state of readiness for the required IPO document that is filed with the Securities and Exchange Commission “SEC”. Don’t let unforeseen financial reporting items be the road block to accessing the IPO markets.
- Outlook for the sports market in North America through 2017
1/21/14 | Entertainment & media
PwC’s Sports Outlook focuses on recent results and potential opportunities and challenges to future industry growth. This special edition for North America provides revenue projections over five years through 2017 within four key segments of the sports market.
Webcast
Key considerations for board and audit committee members webcast - January 29, 2014Center for Board Governance
On January 29, Mary Ann Cloyd, leader of PwC's Center for Board Governance, and Tim Ryan, PwC vice chair and leader of Markets, Strategy, and Stakeholders, lead the Center for Board Governance Key considerations for board and audit committee members webcast. which focused on what issues are top of mind for board and audit committee members.
Webcast
PwC's Investor Resource Institute megatrends webcast - February 6, 2014PwC Investor Resource Institute
PwC's Investor Resource Institute invites you to join us for a webcast on Thursday, February 6 from 3:00 - 4:00pm ET. During this webcast we will be discussing five megatrends that we see shaping the global business environment, and the implications of these macroeconomic forces may have on corporate strategies.
- The Internal Audit Analytics Conundrum—Finding your path through data
1/21/14 | Risk Assurance
Business development during recent decades has involved extensive use of technology designed to drive business competitiveness and expand new business horizons. Integrating data analytics into your Internal Audit approach can help you achieve your audit objectives in a more reliable and cost-effective way. This white paper highlights what Internal Audit can be doing to help utilize analytics across their audit plan.
- Game Changer: A new kind of value chain for entertainment and media companies
1/21/14 | Entertainment & media
With digital content projected to account for 87 percent of growth in spending in the entertainment and media (E&M) industry over the next five years, efficiently producing and managing such content is top of mind for industry players.
- Employee stock compensation: 2013 SEC comment letter trends
1/9/14 | Human resource services
PwC has produced this document to assist management teams in identifying and understanding the SEC staff's current focus areas for stock compensation. We have highlighted the areas where registrants received the most comments from the SEC staff and have provided relevant examples of recent comment letters to aid preparers in ensuring their disclosures are robust and consistent with the relevant accounting or reporting guidance for stock compensation.
Webcast
Addressing the compensation and benefits challenges in a consolidating healthcare industry webcast – January 22, 2014Human resource services
The consolidation in the healthcare industry is creating new and bigger HR related challenges. As health systems redefine their brands and clarify their strategies in this time of convergence, hospital executives have new struggles to conquer, from evaluating merger candidates to integrating them (including the nuances of integrating physician practices), to delivering meaningful benefits in cost effective ways.
- Social Selling: A Digital Blueprint for the Automobile Industry
1/6/14 | Automotive
The automotive industry is amidst an era of marketing disruption. Traditional advertising models and budgets are withering and people are working to find the right mix of marketing among multiple social and digital platforms inside and outside of their control. This always-on and unlimited sharing of experiences, combined with digital communications tools embedded into the car ownership experience itself, has created a new playing field for automakers. This is the third online era. How all of it combined influences the transaction experience is what we refer to as social selling.
- Aviation’s second golden age: Can the US aircraft industry maintain leadership?
1/6/14 | Aerospace & defense
Demand for air travel—and for more smarter, cleaner aircraft—is taking off globally. Can the US sustain its leading edge amidst struggles on talent and new ripples of competition from emerging players?
- PwC’s Q4 IPO Watch Finds 2013 IPO Volume Hits Highest Level in Six Years
12/19/13 | Transaction services
Strong demand for initial public offerings (IPOs) continued in the fourth quarter of 2013, capping a robust year for the capital markets and setting the stage for continued growth in the new year, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US. Total IPO volume for 2013, as of December 17, reached 237 public company debuts, easily surpassing overall volume of 146 IPOs in 2012 and representing the most active environment for newly listed companies since 2007.
Webcast
Aligning your GRC solution with the revised COSO Internal Control-Integrated Framework webcast - January 28, 2014Risk Assurance
PwC's Risk Assurance Group invites you to attend this webcast to learn how to improve the alignment of your GRC Solution to the updated COSO Internal Control Framework.
- Strategic Divestiture Alternatives – An efficient structure re-emerges (Observations from the front lines)
12/17/13 | US Capital Markets and Accounting Advisory Services
The re-emergence of a Mergers & Acquisitions (“M&A”) technique known as a “Reverse Morris Trust” (“RMT”) has proven to provide some unique advantages over other strategic alternatives as a vehicle for divesting divisions or a separate business. Companies considering a divestiture should become knowledgeable on the recent comeback of this strategic alternative so they can actively engage in conversations with their advisors.
Dataline
Dataline: Supply Chain Finance: Analyzing Structured Payable Programs (No. 2013-28)12/17/13 | Assurance services
Implementing a structured vendor payable program? Be wary - changes to the terms of the trade payable could affect balance sheet classification and debt covenant ratios.
Webcast
Not your father's Africa: doing successful deals in a new frontier webcast - January 29, 2014Transaction services
In this webcast we will discuss the factors at play in Africa today that are providing significant opportunity for investment, and how deals are getting done.
- Top health industry issues of 2014
12/11/13 | Health Research Institute
The 2014 Top Issues report examines the shifting healthcare landscape and offers insights on how to survive rising expectations and tough competition.
- Objects in the mirror are closer than they appear: Auto finance industry keeps its sights on impending regulation
12/10/13 | Automotive
Although most auto dealers are exempt from the Consumer Financial Protection Bureau’s (CFPB’s) supervisory authority, CFPB’s oversight of automobile finance transactions is expanding. In the upcoming months, auto lenders and dealers are likely to see increased regulatory scrutiny around consumer protection matters, and this could mean significant changes for the industry.
10Minutes
10Minutes on service provider transparency12/10/13 | Risk Assurance
Businesses depend on service providers to handle confidential data, run essential business processes, and manage critical technology. This can leave businesses vulnerable to service provider breakdowns. The result can be the providers’ clients violating regulations and even losing customer trust. Yet many businesses may know less than they realize about their service providers’ controls. This 10Minutes discusses how SOC 2 and SOC 3 reports can give businesses the picture they need to have solid confidence in their service providers.
- Putting the success in succession
12/9/13 | Advisory services
Succession planning done right sets the growth course. It aligns with talent processes, mends gaps and develops future leaders for success. But too often, it doesn’t get the attention it deserves unless a crisis forces it on the agenda. True planning for the workforce of the future, for the success of the future—means addressing succession planning today.
- Q3 2013 US health services deals insights
11/25/13 | Transaction services
The third quarter of 2013 realized a slight uptick over the prior two quarters in the volume of healthcare services deals with 138 total transactions. However, the value of the dealsannounced in Q3 2013, $15.8 billion, was up 35% over the second quarter. In both volume and value, the year-to-date period for 2013 continues to lag the same period in 2012 with volume down 4.6% and value down 25%.
- HRS Insight: New pension accounting for insurance companies
11/25/13 | Human resource services
The National Association of Insurance Commissioners has changed employers’ accounting for pensions and other postretirement benefits.
Webcast
Year-End M&A Outlook for 2014 webcast - December 16, 2013Transaction services
In this webcast learn the current state of play in the US, the trends impacting dealmaking, what we envision the deal market could look like in 2014, and how to successfully execute your M&A strategy.
- Entertainment, media and communications deal insights
11/21/13 | Entertainment & media
Internet, Communications and Publishing sub-sectors saw increased deal activity, contributing to the 9% growth in announced deals for the 3 quarters ended 2013 versus prior year. In addition to deal trends for the year to date, a deeper look at one sub-sector -- telecom operations -- and the deal opportunities abounding as telecom companies look to improve network operations and spectrum efficiency.
- Customer experience in the pharmaceutical sector: Getting closer to the patient
11/19/13 | Pharmaceuticals & life science
As patients exert greater control over their healthcare, drug makers need to master the complexities of consumer behavior to demonstrate value in the new health economy. Consumers are willing to offer feedback that informs who they are, how they behave and how existing biases impact their behavior. Drug makers that tap into this feedback will reach a new level of success.
- Trendsetter Barometer™ business outlook — Private companies expect to outperform GDP forecast, projecting 9% revenue growth for next 12 months
11/19/13 | Private Company Services
PwC's quarterly Private Company Trendsetter Barometer tracks the growth expectations, investment focus, and economic views of privately held US businesses. This quarter's report incorporates the views of 226 chief executive officers (CEOs/CFOs): 130 in the product sector and 96 in the service sector.
- Where have you been all my life? How the financial services industry can unlock the value in Big Data
11/11/13 | Financial Services Institute
Rapidly accessing and processing increasingly large volumes of data derived from various sources is a major challenge for financial institutions. What makes Big Data different from traditional data management?
- US retail & consumer deals insights: Q3 2013 update
11/6/13 | Transaction services
Deal activity rebounded from Q2 as Q3 included six of the top ten corporate deals year-to-date and several large private equity deals. Consumer sentiment and retail sales trends weakened and suggest R&C companies will face an increasingly challenged environment through year-end. The deal environment remains challenging, given the lack of availability of quality assets for sale and a mismatch in buyer and seller expectations around price.
- Flexible spending accounts can now allow carryover of up to $500 to following year
11/6/13 | Human resource services
IRS has amended its rules for healthcare flexible spending accounts to permit carry over up to $500 per plan year rather than forfeit all unused funds
- Shifting talent across borders? Tax and policy challenges can abound
11/6/13 | International assignment services
In the entertainment and media industry, the business necessity is that talent must be flexible and mobile, crossing borders seamlessly to get the job done. This article is intended to provide a non-exhaustive, broad summary of only some of the many tax and related policy challenges that may arise.
- Debt refinancing in an uncertain rate environment (Observations from the front lines)
11/5/13 | US Capital Markets and Accounting Advisory Services
The economic business environment continues to improve and interest rates in the most recent year remain low, although there is concern that they may rise in the near term. Companies who have seen their credit outlook recover, and/or want to take advantage of the current lower interest rate environment, may consider refinancing their existing debt. Companies have found that the financial reporting outcomes of such negotiations may not reflect the entire expected economic benefit.
- Going beyond reshoring to right-shoring
10/31/13 | Advisory services
Many companies have experienced the downsides of an extended offshore supply chain, including political ramifications and supply chain shocks. This, along with ongoing structural shifts in low-cost regions, is prompting organizations to rethink their past sourcing decisions. Reshoring has recently become a hot topic in both the C-suite and in the operations organization. While reshoring has its challenges, the trend is very real. This paper addresses the strategic approach to reshoring some organizations are taking in order to improve margins.
- Avoiding the drift: Optimizing and maintaining AML surveillance programs
10/28/13 | Risk Assurance
Faced with new requirements, financial sector companies have increased their investment in anti-money laundering (AML) compliance efforts. Avoiding the inadvertent process of noncompliance, “AML drift”, is the key to a successful surveillance program. This whitepaper provides methods and techniques to help companies optimize their AML compliance program and protect themselves from regulatory impact.
- 13th PwC Annual Global Power & Utilities Survey
10/28/13 | Power & utilities
The PwC Annual Global Power & Utilities Survey goes to the heart of boardroom thinking in utility companies across the globe. In this, our 13th edition, we look at the pressures building up on the traditional power utility business model and the industry’s viewpoint on the transformative changes that lie ahead.
- The New Digital Ecosystem Reality: Nine trends rewriting the rules of business
10/28/13 | Technology
PwC's Technology Industry leader discusses technological, economic, and political trends that are important to CEOs and C-Suite executives while exploring the trends and challenges that businesses must consider to remain competitive.
- US Technology deals insights: Q3 2013
10/25/13 | Transaction services
Technology deals accelerated in the third quarter returning to historically high levels with deal volume doubling from the previous quarter, according to PwC’s US Q3 technology M&A Insights report released today. Private equity (PE) buyers continued to take an active role in technology M&A with increased deal closures and numerous new deals announced.
- Investor Exchange 2013 highlights
10/22/13 | PwC Investor Resource Institute
Investors are more interested than ever in understanding the risks that today's companies face. Read what investors had to say at PwC's inaugural Investor Exchange.
Webcast
Companies in distress: Managing the challenges – November 19, 2013Transaction services
In this webcast focused on companies in moments of distress, we’ll provide an overview of the typical cycle of a distressed company, including the leading indicators, actions management can take to turn the business around and prevent a bankruptcy filing and how a turnaround advisor can help. We will also focus on thoughts and ideas that may maximize a business’ opportunity while in bankruptcy.
- Defending yesterday: Key findings from The Global State of Information Security® Survey 2014
10/21/13 | Advisory services
While organizations have made significant security improvements, they have not kept pace with today’s determined adversaries. As a result, many rely on yesterday’s security practices to combat today’s threats. The results of this survey show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies.
- HR Innovation Summer/Fall 2013
10/17/13 | Human resource services
HR Innovation offers advanced thinking about the challenges that should be uppermost on the minds and agendas of organizations and their Human Resources (HR) leaders. In this issue of HR Innovation, we focus on the continually changing HR landscape and what organizations need to do to take control of today’s opportunities and tomorrow’s decisions.
- Unlocking Potential: Finance effectiveness benchmark study 2013
10/15/13 | Advisory services
Providing more for less, streamlining and reducing transactional costs, providing an effective control framework, and helping the business make the right decisions to improve business performance — we know all this. The challenge is in execution. PwC’s fifth annual benchmark report, which outlines the latest findings of our analysis of more than 200 companies, confirms that the leading finance teams are achieving results that are very different from the norm.
- Transforming Treasury: Successfully executing a strategic transaction
10/14/13 | Advisory services
For strategic transactions, managing the risks typically associated with Corporate Treasury can be paramount to a deal’s success. This article explores how to navigate those risks and seize the inherent opportunities that effectively position Corporate Treasury and strategically transform the new organization.
Webcast
Gain Control of Your Journal Entries: Effective techniques for optimizing manual journal entries in SAP webcast - November 5, 2013Risk Assurance
PwC's Risk Assurance Group invites you to watch this recorded webcast to learn how to maximize the efficiency and effectiveness of your journal entry process using the right combination of controls and GRC technology.
- Medtech companies prepare for an innovation makeover
10/10/13 | Health Research Institute
The mere concept of innovation needs redefining in a health ecosystem that demands and rewards new models for delivering better care across a broader patient population at lower costs. Medtech companies must get ready to compete in this new environment or risk being displaced by ones that can show evidence their innovations achieve the same high clinical standards but are faster, better, cheaper, and more integrated into the care delivery continuum.
Webcast
FCPA Declinations: What you need to know when things go wrong webcast - November 12, 2013In the context of FCPA, despite a company's earnest compliance efforts, it is possible that a rogue employee or business partner operating in an emerging market offers a bribe to a foreign government official. Join us for an engaging discussion on what companies should consider doing when things go unexpectedly wrong and they find themselves in such a predicament and potentially before US regulators.
Webcast
Defending yesterday: Key findings from The Global State of Information Security Survey 2014 Webcast - October 24, 2013Results of this year’s survey – including responses from more than 9,600 executives across 115 countries, and virtually every industry – show that executives are heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies. Budgets are rising and confidence continues to climb. But while many organizations have raised the bar on security, their adversaries have done better.
- IPO Market Momentum Breaks Full Year 2012 Totals, According to PwC’s Q3 IPO Watch
10/2/13 | Transaction services
The capital markets continued to demonstrate strong momentum in the third quarter of 2013 as the volume of new public listings matched the previous quarter, and exceeded the third quarter of 2012, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US.
10Minutes
10Minutes on strategic supply chain management10/2/13 | Advisory services
New research shows that high-performing supply chains can achieve sales and revenue growth while managing costs. That sounds like a tall order, but there are things you can do now to manage your supply chain as a strategic asset to boost performance and profitability. This 10Minutes highlights how the supply chain can move your business strategy forward and set you apart from the competition.
- Power and Utilities Alert 2013-8: Alternative financing options for the renewable power industry
10/1/13 | Power & utilities
What regulatory changes would be required for renewable power companies to access financing alternatives such as REITs and MLPs? What are the benefits and the regulatory challenges of each alternative?
- Retail & Consumer KnowledgeBrief: Technical and Quality Newsletter
10/1/13 | Retail & consumer
What are the technical and reporting issues impacting retail and consumer products companies? PwC's Retail & Consumer KnowledgeBrief provides insights and summaries on restructuring comment letter trends and disclosure reminders, data protection, conflict minerals, the Patient Protection and Affordable Care Act, and more.
Webcast
Deals webcast series: Integrating environmental, social and governance (ESG) issues in deals and valuing their impact - October 22, 2013Transaction services
Investors are increasingly taking environmental, social and governance (ESG) factors into consideration when assessing the value of a company. However, most executives are unsure how to truly unlock this value and the impact it can have on essential reporting and IPO sale prices.
- Consumer intelligence series: Video content consumption
9/26/13 | Entertainment & media
Why do consumers prefer certain video package features over others? How are they discovering new shows, and consuming it, and on what devices? This edition of the Consumer Intelligence Series reveals that while traditional subscriptions still dominate, content discovery happens mostly online.
- CDP S&P 500 Climate Change Report 2013
9/26/13 | Sustainable business solutions
For 2013, the Carbon Disclosure Project (CDP) S&P 500 report shows that the number of leaders on the Climate Disclosure Leadership Index (CDLI) doubled, indicating that a growing number of companies are addressing the risks, and embracing the opportunities that come with climate change.
- PwC’s 2013 Investor Survey
9/25/13 | PwC Investor Resource Institute
What most concerns investors? What do investors expect of corporate directors? How do investors view the current quality of corporate disclosures? We asked investors about these issues, and the message received is clear: Investors want to know more about the risks that companies have identified, and how they are managing them. And investors are looking for more information.
Webcast
Making the SEC's New CEO Pay Ratio Disclosure Work for You Webcast - October 3, 2013Human resource services
Watch this webcast where we provide a summary of the new rules; discuss issues such as the effect of the inclusion of a global workforce and valuation of retirement and incentive compensation plans; and provide some suggestions for how the SEC's proposed flexibility can be made to work for your company through the use of statistical sampling.
- Automotive M&A Insights – Mid Year Review 2013
9/24/13 | Automotive
This PwC quarterly publication reviews the status of global automotive deal activity among vehicle manufacturers, suppliers, financiers, and other related sectors, as well as key trends that impacted the deal market in the first half of 2013, transaction activity by sector and region, and PwC's perspective on the road ahead
- Significant others: How financial institutions can effectively manage the risks of third-party relationships
9/24/13 | Financial Services Institute
Security incidents at financial institutions attributed to partners and vendors rose to 18% in 2012. Although improvements to strengthen third-party risk management (TPRM) have been made, PwC has found that most institutions still need to apply a risk-based approach to their vendor reviews.
- Retail and Consumer industry: State of Compliance survey
9/24/13 | Retail & consumer
What is the state of compliance for retail and consumer companies in terms of formal compliance infrastructure, resources, and processes? How is the compliance environment for retailers and consumer goods companies different from other industries?
- No pre-tax reimbursement for individual insurance under ACA; employee assistance programs OK
9/24/13 | Human resource services
The Obama Administration has released guidance about how the ACA market reforms apply to HRAs and other employer reimbursement programs, health FSAs and EAPs.
- DOL clarifies that no penalties apply for failure to provide ACA notices about exchanges
9/24/13 | Human resource services
In a recent FAQ, the DOL confirmed that employers won't be subject to any fine or penalty for failing to provide a ‘Notice of Coverage Options’ to employees.
- Affordable Care Act reporting requirements — IRS’ first pass
9/24/13 | Human resource services
Employers and issuers will have new IRS reporting obligations as key players in implementing ACA health coverage mandates.
- Tax technology: Creating a strategic asset
9/19/13 | Industrial products
How do manufacturing companies use technology in their tax functions? PwC and the Manufacturers Alliance for Productivity and Innovation (MAPI) surveyed more than 100 companies to uncover leading practices and challenges in applying technology to the tax function.
- Supply chain financing: What you need to know (Observations from the front lines)
9/19/13 | US Capital Markets and Accounting Advisory Services
Many companies are seeking to improve their working capital by reviewing the terms of their trade payables. To aid companies in streamlining their payables process, financial institutions built IT solutions to act as an intermediary between purchaser and supplier. As an intermediary, financial institutions can offer a liquidity solution to the supplier by way of factoring their receivables.
- SEC releases guidance on pay ratio disclosure rules
9/19/13 | Human resource services
The 2010 Dodd-Frank Act included a provision requiring public companies to disclose the pay gap between chief executives and rank-and-file employees.
- Addressing corruption risk in M&A transactions: The international balancing act
9/12/13 | Advisory services
The current global economic environment has posed various challenges for US investors, including private equity firms, domestic corporations, and multi-nationals. However, we expect deal activity to intensify as companies look for new ways to grow and meet their strategic objectives. In particular, the pace of US deal activity may increase as companies seek to find value and expand through mergers and acquisitions with international targets.
- To lock or not to lock: An introduction to the Locked Box closing mechanism
9/12/13 | Transaction services
Deal closings can be lengthy and difficult processes with many facets to consider. The Locked Box mechanism negates the need for preparing and reviewing the final price adjustments post closing. Pricing deals this way allows the buyer/seller to put resources into other aspects of the deal.
- R&D integration
9/12/13 | Transaction services
Managing an R&D organization is both an art and a science with many unique considerations required for integration planning. While the R&D organization is an important source of value, broader transformational opportunities for new product development should also be evaluated to maximize value.
Webcast
How innovation & direct to consumer channels can bring you closer to the consumer – September 19, 2013Watch an engaging discussion on innovation and how organizations are seeking innovative ways to make their business newly relevant. Every leader is planning for growth, but not all will achieve it. How do you translate strategy into innovation, action, and results?
- IRS recognizes legal marriages of same-sex couples for all federal tax and employee benefit plan purposes
9/12/13 | Human resource services
Same-sex couples legally married according to laws of a jurisdiction that recognizes same-sex marriage will be recognized married for all federal tax purposes
- Identity Theft Regulation: Are you under the SEC/CFTC microscope?
9/12/13 | Financial services regulatory practice
Impacted organizations are beginning to finalize their approach to a joint SEC/CFTC rule for preventing identity theft.
- Advancing aviation: 2013 global MRO supply chain benchmarking study
9/12/13 | Aerospace & defense
How have airlines reduced maintenance costs while delivering higher levels of service? Where do the gaps exist in their MRO supply chains? PwC's global MRO supply chain benchmarking study provides insights into these questions and more.
- The Connected Advisor: The Rise of Digital and Social Advice in Wealth Management
9/3/13 | Asset management
This paper examines the four forces of change that are shaping wealth management - shifting demographics, changing client behaviors and expectations, rising technological innovations and emerging disruptive competition.
- Let’s make a difference: Managing compliance and operational risk in the new environment
8/30/13 | Financial Services Institute
How can banks manage compliance and operational risk in a changing regulatory landscape?
Webcast
Conflict minerals webcast - Looking ahead to the first deadline - September 17, 2013Assurance services
Almost 9 months into the first year of compliance, where does your company stand? Do you have a clear path forward to your first conflict minerals filing deadline? Watch this webcast where we share our perspective on the latest developments (including the legal challenge), considerations as you close out your first year of compliance, what to expect in the independent private sector audit – and how to prepare, and examples of how leading companies are addressing their compliance efforts.
- Finance transformation: A Lean approach to increase value
8/26/13 | Advisory services
Lean is an alternative approach that changes the way work is performed. Learn how Lean can help transform your back office to achieve and sustain process excellence.
- Digital IQ Snapshot: Talent Strategy, the missing link to the connected workforce
8/26/13 | Advisory services
The Digital IQ survey shows that within top performing companies, the CIO and other C-suite executives consistently talk about how technology can power strategic business goals. Ongoing “digital conversations” among the C-suite should also focus on the talent strategies needed to harness those technologies—and include the CHRO, who is often missing from these C-suite conversations.
- PwC and Knowledge@Wharton: New revenue rules delayed, but start planning now
8/22/13 | US Capital Markets and Accounting Advisory Services
A new, comprehensive accounting standard is set to change the way many companies recognize revenue in their financial statements, and that could reverberate through myriad systems and processes in significant ways. Many companies do not yet realize the degree of change the new standard will usher in, nor how it could affect many industries in unexpected ways, according to PwC and Wharton.
- Q2 2013 US Health Services Deals Insights
8/20/13 | Transaction services
Q2 2013 continues the trends started in late 2012 and in Q1 2013 with both financial and strategic buyers exhibiting cautious behaviors across all sectors. Through Q2 2013, health services deal volume has increased 3.9% from 127 deals in Q1 2013 to 132 deals in Q2 2013. The value of these transactions has also increased 151% across the same periods.
Webcast
The Latest in Compensation and Benefits Accounting - Q3 2013 webcast – September 18, 2013Human resource services
Watch our quarterly webcast designed for corporate financial reporting and HR executives. PwC specialists provide their perspectives on emerging accounting, regulatory and market developments within the incentive compensation and employee benefits arena.
- PwC’s Stock Compensation 2013 Assumption and Disclosure Survey
8/16/13 | Human resource services
PwC is pleased to share with you our Stock Compensation 2013 Assumption and Disclosure Survey. This survey presents our analysis of the 2012 year-end assumptions and disclosures for Mature and High Tech/Emerging companies.
- PwC's Pension/OPEB 2013 Assumption and Disclosure Survey
8/14/13 | Human resource services
PwC is pleased to share with you our Pension/OPEB 2013 Assumption and Disclosure Survey which presents our analysis of the 2012 year-end assumptions and disclosures under ASC 715-20, ASC 715-30, and ASC 715-60.
Point of view
Point of view: Integrated reporting: Going beyond the financial results8/13/13 | Assurance services
This Point of view highlights how companies may benefit from integrated reporting in response to stakeholders’ calls for enhanced disclosure of environmental, social, governance and other nonfinancial information. It also outlines the benefits some companies are realizing as they explore integrated reporting.
- US retail & consumer deals insights: Q2 2013 update
8/8/13 | Transaction services
Despite a lull in deal activity during Q2, M&A fundamentals remain strong with corporate cash availability, a favorable debt environment and continued private equity sponsor interest. Retail remains attractive for investment, particularly as businesses seek greater effi ciencies with scale as well as international expansion. Private equity activity in retail remained strong, comprising two of the top deals during the quarter.
- Forging ahead: Second-quarter 2013 metals industry mergers and acquisitions analysis
8/6/13 | Metals
M&A activity in the metals sector during the second quarter of 2013 continued to decline in both value and volume for deals valued at $50 million or more. Average deal value for the period increased to $402.6 million.
- People Integration
8/6/13 | Transaction services
The people aspects of integration cannot be managed in a silo apart from the rest of the effort. Aligning human capital with the integration strategy is a critical success factor for delivering deal value.
- M&A Communications: Commuting to engage and motivate people
8/6/13 | Transaction services
The need for effective communication is often overlooked or underestimated in the flurry of activity surrounding a deal. Executing a strong and clear communication strategy is critical to successful integration. Dealmakers have a choice; they can communicate honestly and transparently to manage speculation surrounding the transaction, or they can ignore the speculation and watch it turn into fear and confusion.
- PwC Saratoga 2013/2014 Human Capital Effectiveness Report: Trends for the Healthcare Provider Sector
8/6/13 | PwC Saratoga
As healthcare systems face increasing challenges related to implementation of the Affordable Care Act, talent will be a large focus to keep expenditures low and productivity high. HR will need to work to engage and retain their key employees – high performers and those within pivotal roles – to help brace for these changes.
- US Technology M&A insights: Q2 2013
8/5/13 | Transaction services
While closed technology transactions in the second quarter declined both sequentially and year-over-year, the rise in announced and rumored deals point to a rise in merger and acquisition activity for the remainder of the year. Private equity (PE) buyers took a more active role in technology M&A with deals announced across the spectrum of deal size, including some of the largest transactions announced so far this year.
- Technology Forecast: DevOps: Solving the engineering productivity challenge
8/1/13 | Center for technology and innovation
This issue of the Technology Forecast quarterly investigates how web-based companies maintain continuity amid continuous changes to production systems and explores what large enterprises can learn from them.
- Innovation Champions: How CFOs can keep companies vital
7/31/13 | Advisory services
In today's fast paced and constantly changing market, continuous innovation is critical to any company's success. Timely innovation boosts market share, sharpens competitiveness, lifts earnings and propels careers. CFO's can play a critical role, but for them, supporting innovation presents a particular challenge—and opportunity. Hear what PwC and Wharton faculty have to say about the importance of the CFO leading the charge for innovation.
- Trendsetter Barometer™ business outlook — Private-company confidence in US economy at one of its highest levels post-recession
7/30/13 | Private Company Services
PwC's quarterly Private Company Trendsetter Barometer tracks the growth expectations, investment focus, and economic views of privately held US businesses. This quarter's report incorporates the views of 202 chief executive officers (CEOs/CFOs): 105 in the product sector and 97 in the service sector.
- State of the workforce: PwC Saratoga’s 2013/2014 US Human Capital Effectiveness Report
7/25/13 | PwC Saratoga
As the US economy recovers from recession, organizations are experiencing several positive outcomes. For example, employee productivity has increased for the first time in five years, and hiring is trending upward.
- Automotive Leasing Insight
7/24/13 | Banking & capital markets
This paper discusses the factors that can be attributed to the growing popularity of leasing, the advantages of having a well-designed customer experience lease strategy and how this can help support long-term customer retention and loyalty and serve as a springboard to capture additional market share as well as help to offset potential regulatory risk issues.
- The right stuff: How financial services institutions can use talent assessments to improve returns on human capital
7/24/13 | Financial Services Institute
With a shortage of the right and available talent in the financial services industry, institutions need to implement strategic talent decisions to fill the gaps and meet business goals.
- Customer engagement: How digital technologies help private companies gain customer insights and build brand
7/18/13 | Private Company Services
This edition of Growing Your Business discusses how private companies are leading the charge in making entrepreneurial use of social media, mobile devices, big data, and other digital avenues to get closer to their customers.
- Unleashing the power of innovation
7/18/13 | Advisory services
This PwC publication looks at what organizations need to address to become genuinely innovative and generate full value from their investment.
10Minutes
10Minutes on whistleblower reform7/15/13 | Center for Board Governance
Whistleblower reform is having significant impact. The SEC’s Office of the Whistleblower has one full year of operation under its belt, and with it 3,001 tips and two awards to date. Leading companies are looking closely at the Office’s first-year report and drawing lessons for building stronger ethics and compliance programs. They’re also considering what it takes to create a highly ethical culture. This 10Minutes highlights the importance of having an ethical culture at the workplace.
- Insurance Banana Skins 2013
7/11/13 | Insurance
Insurance Banana Skins 2013 is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.
- Navigating divestiture challenges: Considerations unique to the power and utilities industry
7/11/13 | Transaction services
Financial information is a linchpin to understanding deal value. While deal financials are critical, other financial data often needs to be front and center in divestiture planning. Preparing for a divestiture with these needs in mind can better position sellers for success.
- Clouds in the forecast: Cloud - necessary component of data center consolidation and IT agility
7/11/13 | Financial Services Institute
The cloud environment has the potential to propel IT agility to new heights and fulfil the role of technology as a strategic enabler.
In brief
In brief: FASB finalizes standard deferring certain quantitative disclosures for nonpublic employee benefit plans (No. 2013-36)7/10/13 | Assurance services
The FASB issued ASU 2013-09. It provides an indefinite deferral for certain quantitative fair value disclosures for nonpublic employee benefit plans.
- Administration delays reporting, enforcement of employer mandate for 2014
7/3/13 | Washington national tax services (WNTS)
The Obama Administration has announced that there will be an additional year before the mandatory employer and insurer reporting requirements under the Affordable Care Act (ACA) begin, and, accordingly, a one-year delay in enforcement of the employer mandate until 2015.
- IPO Activity Surges in Second Quarter 2013
7/2/13 | Transaction services
IPO activity surged in the second quarter of 2013, as the volume of new public listings far exceeded the previous quarter, as well as the second quarter of 2012, according to IPO Watch, a quarterly survey of IPOs listed on U.S. stock exchanges by PwC US.
- How does your business model add value? And will it in 2020?
7/2/13 | Global accounting consulting services
This PwC World Watch article explains why clear information and reporting on your business model is the first step to making it fit for the future, and asks "Does yours add value? And will it in 2020?"
- HRS Insight: What does the DOMA decision mean for employer-sponsored benefit plans?
6/28/13 | Human resource services
Supreme Court’s holding that Sec 3 of Defense of Marriage Act is unconstitutional, employers should review their retirement, health & welfare benefit plans. This HRS Insight highlights some of the implications for employer-sponsored plans.
- Facilities Integration: Leveraging facilities for deal success
6/27/13 | Transaction services
Good facilities integration looks beyond the usual cost saving opportunities. The impact facilities consolidations and workplace changes can have on employee culture and productivity should not be underestimated. Decisions to outsource or centralize operations should be considered prior to adopting a facilities consolidation plan.
- Accelerating embedded software development via agile technologies
6/27/13 | Advisory services
Embedded software use is becoming omnipresent across multiple industries. Hardware-centric product industries require flexible and adaptable software with features and functionality to differentiate their products. PwC has developed an approach to help hardware companies adopt agile practices for their embedded software development.
Corporate Governance Series
Corporate boardrooms – Navigating board priorities6/27/13 | Center for Board Governance
Corporate boardrooms – Navigating board priorities focuses on today's critical issues, including building productive investor relationships, overseeing information technology and continuing the debate over tax reform. The report discusses the impact on directors and what they should be considering in the boardroom.
10Minutes
10Minutes on eco-efficiency6/26/13 | Sustainable business solutions
Eco-efficiency can reduce costs for your company. And there are broader benefits, too: a stronger brand, greater productivity, and mitigated risk. Still, opportunities to save money while reducing your company’s use of energy, transportation fuel, waste, water, forest products or chemicals are often short-changed. Why? It’s most likely due to overlooked-but-valuable information.
- Medical cost trend: Behind the numbers, 2014
6/21/13 | Health Research Institute
This PwC Health Research Institute (HRI) report looks at the projected increase in the cost of medical services for 2014. Medical cost trend is the primary factor in setting health insurance premiums.
- 2013 Financial Performance Report: Growth strategies - Unlocking the power of the consumer
6/21/13 | Retail & consumer
PwC and the Grocery Manufacturers Association (GMA) present the Financial Performance Report, Growth strategies: Unlocking the power of the consumer. The report provides financial benchmarking results for 142 food, beverage and consumer products industry manufacturers, and 67 retailers. Topics covered include growth strategies and future investment targets.
- PwC's 2013 Health and Well-being Touchstone Survey results
6/19/13 | Human resource services
PwC is pleased to announce the availability of our 2013 Health and Well-being Touchstone Survey. The 2013 survey data contains detailed benefits information provided by approximately 1,100 participating companies in 35 different industries across the nation.
- Mending the gender gap: Advancing tomorrow's women leaders in financial services
6/13/13 | Financial services
Women continue to dramatically lag behind their male counterparts in leadership roles. PwC has developed a strategy for financial institutions to create and retain a strong pipeline of female talent.
- New wellness regulations may cause headaches
6/13/13 | Human resource services
Starting in 2014, group health plans and insurers will be able to offer higher financial rewards to participants achieving healthy behaviors.
- It takes two to tango: Managing technology risk is now a business priority
6/13/13 | Financial Services Institute
Putting technology risk management on the business agenda today can safeguard and potentially improve business value, brand, and reputation.
- Cleantech MoneyTreeTM Report: Q1 2013
6/5/13 | Advisory services
In the first quarter of 2013, Cleantech funding hit its lowest point in four years, declining 61 percent compared to the first quarter of 2012, and 35 lower than the fourth quarter of 2012. 61 deals were funded in the first quarter of 2013. Average deal size was $6 million, 48 percent lower than in the same period in 2012.
- Accounting changes - Pensions (Insights for the investment community)
5/30/13 | PwC Investor Resource Institute
Given the accounting method typically used by companies to report the effects of plan changes, several have made a discretionary change in how they account for their pension plans to increase the transparency of their accounting and improve their financial reporting.
- Focus on Total Rewards - HR Innovation Spring 2013
5/23/13 | Human resource services
HR Innovation offers advanced thinking about the challenges that should be uppermost on the minds and agendas of organizations and their Human Resources (HR) leaders. In this issue of HR Innovation, we focus on Total Rewards, and delve into the challenges employers face of getting their employees' "total rewards" packages right.
- Top 10 mobility issues for Tax Directors to think about
5/23/13 | International assignment services
Human Resource (HR) departments are implementing global mobility programs designed to manage complex international relocations. However, the activities of individuals in foreign locations can create a variety of both individual and corporate level tax issues for the enterprise, depending upon the circumstances.
- Final regulations on deemed asset sale elections offer taxpayers more flexibility
5/21/13 | Washington national tax services (WNTS)
The IRS published final regulations which permits taxpayers to elect to treat certain dispositions of a target corporation’s stock as a sale of the underlying assets of the target corporation.
- Pharmaceutical and Life Sciences Deals Insights Quarterly
5/20/13 | Transaction services
Merger and acquisition deal value in the pharmaceutical and life sciences sector increased in the first quarter of 2013 relative to the first quarter of 2012. The pharmaceutical segment recorded the largest gains in deal value during the quarter on the strength of several large transactions.
- ACA proposed regulations on minimum value, premium tax credits help employers with health plan duties for 2014
5/20/13 | Human resource services
The IRS issued proposed regulations under the ACA that will help employers to determine, disclose and report whether their health plans provide ‘minimum value.’
- Global 100 software leaders
5/16/13 | Technology
The software industry is in the midst of significant change. Cloud, software-as-a-service (SaaS), mobile devices, and consumerization of IT, are changing how software vendors develop, market, sell, distribute and support their products. This report ranks leading software companies from key markets around the world, and shares insights into where the industry is going from executives from Adobe, BMC Software, CollabNet, Jive Software, NetSuite, Red Hat, SAP, SAS, Splunk, and TSIA.
- Navigating cloud management
5/15/13 | Advisory services
IT organizations that are serious about leveraging the cloud to deliver IT services should build robust management capabilities, which are critical to success in a cloud delivery model.
- The evolution of model risk management
5/15/13 | Financial services regulatory practice
This A Closer Look discusses what the new model risk management guidance means holistically for banks and provides a high-level roadmap for evolving the model risk management function.
- An HR perspective: Focusing on the future of healthcare benefits
5/15/13 | Human resource services
PwC recently convened several roundtables of employers in New York, Chicago, and Atlanta to discuss health coverage at this pivotal moment. This thought leadership article highlights the conversations and results of the related survey.
- DOL is considering requiring defined contribution plans to provide lifetime income illustrations on benefit statements
5/14/13 | Human resource services
The Department of Labor (DOL) issued advance notice of proposed rulemaking on new disclosure requirements on lifetime income illustrations on defined contribution plan benefit statements.
10Minutes
10Minutes on why the COSO Update deserves your attention5/14/13 | Risk Assurance
COSO has published a PwC-authored update to its framework, the first in over 20 years, which gives you an opportunity to refresh your controls for today's environment.
Dataline
Dataline: COSO issues the updated Internal Control-Integrated Framework and related illustrative documents (No. 2013-09)5/14/13 | Assurance services
On May 14, 2013, COSO published an updated Internal Control-Integrated Framework and related illustrative documents. This Dataline highlights noteworthy updates to the Framework, summarizes the purpose of the illustrative documents, and highlights key considerations for clients.
- The importance of being financially bilingual
5/13/13 | US Capital Markets and Accounting Advisory Services
When conducting cross border deals, it is important to Identify potential financial reporting differences to maximize deal value and for understanding how financial reporting and regulatory requirements interact. Embedding GAAP changes and managing multi-GAAP reporting post-acquisition requires planning.
- Guidance issued notice to employees on health insurance exchanges
5/10/13 | Human resource services
Beginning Jan 1, 2014, individuals will be eligible to buy health insurance through a new public health insurance market.
10Minutes
10Minutes on conflict minerals5/9/13 | Assurance services
10Minutes on conflict minerals provides insight into the strategic benefits and risks companies will want to focus on as they comply with the SEC's conflict minerals rule. The rule is effective for 2013 calendar year operations, so regardless of whether companies view conflict minerals as a supply chain opportunity, risk to their brand or another regulatory to-do, they should act now to prepare.
- Forging ahead: First quarter 2013 metals industry mergers and acquisitions analysis
5/2/13 | Metals
Deal activity in the metals sector declined in first quarter of 2013, with transaction volumes at their lowest since the first quarter of 2009. While Metals industry M&A activity is projected to be flat over the near term, US plans for infrastructure investment may increase the demand for iron, steel, and aluminum in the United States.
- US Technology M&A insights: Q1 2013
5/1/13 | Transaction services
While the first quarter of 2013 saw technology M&A drop precipitously, the foundation is being laid for more robust deal activity this year as political and economic uncertainties subside. Software M&A was the sole bright spot in the industry for the first quarter driven by companies across industries investing in software-driven functionality and automation in products and services.
- North American power deals: Q1 2013 mergers & acquisitions report
5/1/13 | Power & utilities
The North American power and utilities mergers & acquisitions (M&A) market experienced an uptick in both volume and value in the first quarter of 2013.
Corporate Governance Series
Governance for Companies Going Public - What Works Best4/23/13 | Center for Board Governance
This publication is a guide to help both directors and executives of companies planning an IPO think through the many governance decisions needed. It creates context for the IPO and the directors’ roles and covers building the board, understanding the myriad governance influences, providing proper protection for directors, and preparing for your first year as a public company.
Corporate Governance Series
Going Public? Five governance factors to focus on4/23/13 | Center for Board Governance
This publication highlights five key governance considerations you’ll want to keep in mind as you contemplate a public offering.
M&A snapshot
We’re acquiring a company with significant in-process research and development (IPR&D) activities. What's next? (M&A snapshot)4/23/13 | Assurance services
This edition of Mergers & acquisitions — a snapshot provides an overview of the accounting rules and a glimpse into some of the issues companies face in the accounting and valuation of acquired IPR&D.
10Minutes
10Minutes on harnessing customer demand to drive growth4/19/13 | Advisory services
Consumer-packaged goods (CPG) companies, retailers, and their business partners often tout the ways they put customers at the center of their strategies. But while many companies do a good job of understanding their customers, perhaps not as many create demand by coordinating across marketing, sales, and innovation—functions and activities that now encompass the demand chain. This 10Minutes explores ways companies can capitalize on knowing their customer with demand functions pulling in the same direction.
10Minutes
10Minutes on investing in China's private healthcare system4/18/13 | Healthcare
China recently introduced its 12th Five-Year Plan, which reinforces the government's commitment to easing ownership requirements. This 10Minutes discusses opportunities that private and foreign providers, payers, and investors can adopt to build a presence in China's growing healthcare market.
- Decoding key metrics in cross-border acquisitions (Observations from the front lines)
4/4/13 | US Capital Markets and Accounting Advisory Services
US companies seeking to acquire acquisition targets headquartered outside of the United States should understand the foreign target’s financial information, including the application of non-US GAAP and the target’s accounting policies, and identify where GAAP and policy are not aligned with the buyer’s basis of preparing its financial information.
Webcast
Conflict minerals - Next steps: An auditor's perspective - April 9, 2013Assurance services
Conflict minerals compliance has quickly become one of the most pressing issues for both SEC and non-SEC registered companies. As we have spoken to a large number of companies regarding their conflict minerals implementation programs, we would like to share with you some observations and key takeaways.
- IT Optimization: Navigating Fiscal Austerity
3/7/13 | Public Sector Research Centre
The Federal Government faces a situation similar to that of the private sector in the early 2000s. The question is whether Federal COOs, CFOs, and CIOs will wait for OMB to levy cuts on them or whether Federal executives will act to address the systemic drivers of IT expense so they are ready to respond to the inevitable round of forthcoming budget cuts.
- Management’s Discussion and Analysis (Insights from the investment community)
3/5/13 | PwC Investor Resource Institute
The MD&A requirements call for a discussion of: the historical financial results for the period covered by the financial statements (typically three years), liquidity, capital expenditures, off-balance sheet arrangements, contractual obligations, and known prospective information. They also encourage management to describe matters that are most significant in the company’s circumstances and to avoid boilerplate discussions.
10Minutes
10Minutes on shaping the boardroom agenda2/27/13 | Center for Board Governance
This edition of 10Minutes outlines key points from PwC’s 2012 Annual Corporate Directors Survey that illustrate how boards are working to improve their oversight.
- Beware of cliffs and waterfalls in renewable perspectives (Observations from the front lines)
2/27/13 | US Capital Markets and Accounting Advisory Services
Companies that structure renewable energy investments to allow investors to achieve returns through tax credits should also understand that the income statement impact of renewable energy investments can be particularly complex.
M&A snapshot
Financial risk management considerations in an acquisition (M&A snapshot)12/13/12 | Assurance services
The acquisition of a business can have a significant impact on both the risk exposures and risk management strategies of the combined entity. In many cases, an acquirer’s financial risk exposure will increase as a result of the acquisition. However, there may be situations in which the acquiree’s operations reduce the acquirer’s current risk exposure. In any event, identifying potential changes in enterprise risks, creating an action plan to address them, and managing changes to risk management strategies post-acquisition are critical to developing short- and long-term solutions for integrating financial risk management considerations in an acquisition.
Podcast
Podcast: Key developments related to bribery and corruption issues in companiesAssurance services
The second quarter 2012 'Current Accounting and Reporting Developments' webcast held on June 20, 2012 included a discussion by PwC's Don Keller on key considerations related to bribery and corruption issues in companies. This segment of the webcast is now available for podcast download.
Podcast
Podcast: Business continuity management in the Utilities industryAdvisory services
Phil Samson and Todd Warren discuss the importance of a business continuity strategy with a specific focus on the Utilities industry in this PwC podcast.
Podcast
Podcast: Business continuity managementAdvisory services
In this PwC podast, Phil Samson discusses the importance of a business continuity strategy and how an organization can prepare all aspects of the business - people, processes and technology - to withstand an unexpected business disruption.
M&A snapshot
Don't let push-down accounting push you around (M&A snapshot)4/25/12 | Assurance services
Companies preparing to go public often face a number of issues related to their financial statements. A common issue is whether push-down accounting should be applied. Push-down accounting is the practice of adjusting the standalone financial statements of an acquired company to reflect the basis of accounting of the buyer. This edition of Mergers & acquisitions - a snapshot, provides an overview of the SEC's rules on push-down accounting and a high-level summary of the complexities and opportunities that can arise in applying the rules to common deal structures.
Podcast
PwC's Professional Development Program podcast series - Emerging Markets Debt and Distressed DebtAsset management
In this podcast, PwC Assurance senior manager Liz Pelan discusses an overview of emerging markets debt and distressed debt. The overview includes the definition of emerging markets debt, types of distressed debt and valuation concepts.
M&A snapshot
Did I buy a group of assets or a business? Why should I care? (M&A snapshot)12/14/11 | Assurance services
Determining whether an acquired group of assets is a business has proven to be one of the more challenging aspects of applying the current M&A accounting guidance. For many transactions, the determination will be straightforward. However, the current guidance will cause many transactions that are "on the edge," and previously would have been accounted for as asset acquisitions, to be accounted for as business combinations. This edition identifies relevant considerations in determining whether a business has been acquired and why it matters not only upon acquisition but also for disposals and public company reporting.
M&A snapshot
Market participants: how their views impact your values (M&A snapshot)9/26/11 | Assurance services
In a business combination, buyers are required to record the acquired assets and assumed liabilities of a business at their fair values. Fair value reflects the price that market participants would receive to sell an asset or pay to transfer a liability. Assets and liabilities may be used differently by different market participants, resulting in variations in values. Therefore, a market participant's view is an important aspect of the valuation process as a buyer cannot look only to its own intended use of an asset or its ability to transfer a liability at a certain price. This publication provides insight on the identification of market participants, as well as how entities can develop market participant assumptions.
Podcast
Podcast: Becoming a risk resilient organization - the 5 continuous stagesAdvisory services
An integrated approach to managing risk and business performance can help companies systematically link risk and reward to avoid the pitfalls of operating in a volatile global economy. Listen to Joe Atkinson, Leader of PwC's US Risk practice, to learn about the 5 stages for truly integrating risk and performance to achieve risk resilience in your organization.
Podcast
Podcast: M&A in ChinaTransaction services
M&A in China is booming - both inbound and outbound deals. In this PwC podcast, listen to Alan Chu, China Business Services Leader (US), Curt Moldenhauer, Transaction Services partner (Shanghai) and Malcolm MacDonald, Transaction Services partner (Beijing) discuss some of the opportunities and challenges they see their clients facing, and more importantly, how to navigate around the issues associated with doing deals with China.
M&A snapshot
Noncontrolling interests -- why minority shareholder rights matter (M&A snapshot)12/16/10 | Assurance services
The M&A Standards changed how a parent reports the minority shareholder interests in a partially owned subsidiary in its consolidated financial statements. The minority shareholder interests, or noncontrolling interests (''NCI''), are generally presented within equity as if the parent and the minority shareholders have similar economic interests. Previously, NCI were generally presented between liabilities and equity (''mezzanine equity''). This edition focuses on the classification of redeemable NCI and how different minority shareholder rights may lead to different financial reporting by the parent.
M&A snapshot
Carve-out Financial Statements--A challenging process (M&A snapshot)9/30/10 | Assurance services
In many M&A transactions, companies looking to dispose of non-core businesses or to generate cash may sell only a portion of their operations (e.g., a subsidiary or a business unit). As part of these transactions, a seller may need, or want, to prepare separate financial statements of the operations being sold, commonly referred to as carve-out financial statements. The preparation of these financial statements can be challenging as there is limited guidance covering their composition. This volume of Mergers & Acquisitions - A snapshot, focuses on some of the issues companies may face when preparing carve-out financial statements, how those statements may differ from their own financial statements, and how the M&A Standards may impact...
M&A snapshot
The Consolidation Standard--determining who consolidates is just the beginning (M&A snapshot)3/11/10 | Assurance services
FASB Accounting Standard Codification Topic 810 incorporates FAS 167, Amendments to FASB Interpretation No. 46(R)), which is the U.S. standard on consolidation (the Consolidation Standard). The Consolidation Standard is effective as of January 1, 2010 for calendar year end companies and the impact will soon be reported in the first quarter reporting cycle. As a result of applying the new guidance, certain entities may need to be consolidated while other entities may need to be deconsolidated. Determining who consolidates is just the beginning.
M&A snapshot
Accounting for contingent consideration - Don't let earnouts lead to earnings surprises (M&A snapshot)2/25/10 | Assurance services
In many M&A transactions, when the buyer and seller cannot agree on the total purchase price in an acquisition, the two parties agree to an additional payment, or contingent consideration, based on the outcome of future events. These payments are commonly referred to as earnouts and are typically based on revenue or earnings targets that the acquired company must meet after the acquisition date. The accounting for these arrangements under the M&A Standards represents a significant change from past practice.
M&A snapshot
Acquired assets not intended to be used: You may need to record them, even if you don't use them! (M&A snapshot)11/30/09 | Assurance services
In many M&A transactions, a buyer may acquire assets it does not intend to use. Prior to the M&A Standards, buyers generally would assign little or no value to assets that are not intended to be used when accounting for an M&A transaction. Now, such assets are required to be recognized at fair value from a market participant perspective, even if that perspective differs from that of the actual buyer. One common type of asset that a buyer does not intend to actively use that is receiving considerable attention is called a "defensive asset."
M&A snapshot
Accounting for partial acquisitions and disposals - it's not so simple! (M&A snapshot)7/1/09 | Assurance services
Accounting for partial acquisitions and disposals - it's not so simple! In an economic environment where many companies are buying and selling portions of businesses, the M&A Standards will have an impact on how companies account for these types of transactions. At first glance, the fundamental concept of "control" that drives the accounting seems easy to understand. If a company gains control, the acquisition is a business combination. If a company loses control, it deconsolidates the subsidiary. If a company maintains control, the transaction is recorded in equity. Simple, right? Not so fast!
M&A snapshot
Doing a deal? Be careful about employee compensation decisions (M&A snapshot)4/1/09 | Assurance services
Doing a deal? How will you compensate employees of the target? The new M&A Standards may impact your decision. Determining whether employee arrangements represent compensation for service prior to and/or after the acquisition will have a direct impact on the amount included as purchase price versus the amount expensed in the future. This installment of Mergers & Acquisitions - A snapshot explores some of the more common issues related to employee compensation arrangements typically seen in business combinations... contingent consideration, golden parachutes and stay bonuses, and exchanges of stock compensation awards. Employee compensation decisions agreed upon during deal negotiations could impact the acquirer's future financial results.
M&A snapshot
Even your tax rate will change (M&A snapshot)3/1/09 | Assurance services
Are you ready for volatility in your effective tax rate? The new M&A standards will likely impact a company's effective tax rate. This impact will be felt by acquisitive companies in all industries, public and private, and as early as the first quarter of 2009 because parts of the new M&A standards apply to prior acquisitions. This installment of Mergers & Acquisitions—A snapshot focuses on how the accounting for merger and acquisition transactions will create volatility in an acquirer's effective tax rate in periods before and after an acquisition.
M&A snapshot
Deal or no deal: Why you should care about the new M&A standards (M&A snapshot)2/1/09 | Assurance services
Did you know that the new M&A standards could impact your company regardless of whether you plan to close a deal? Given the current economic environment, understanding the new M&A standards may not be a priority for many companies, particularly if M&A activity is not on the horizon in the foreseeable future. However, companies should be careful not to overlook the new M&A standards, as they may have a significant impact, even without a deal. This installment of Mergers & Acquisitions - A snapshot will help you avoid last-minute surprises by understanding how the new accounting and reporting standards for M&A may affect your financial reporting even though you haven’t closed a deal.
M&A snapshot
Goodwill impairment testing: What's old is new again (M&A snapshot)12/1/08 | Assurance services
Since the adoption of FAS 142, the goodwill impairment standard, the equity markets have generally trended upward. Accordingly, impairments may not have been as frequent as we expect to see them today. This edition of Mergers & Acquisitions - A snapshot, focuses on some of the issues companies may face in preparing goodwill impairment tests in the current environment. It also serves as a refresher on certain aspects of the framework for conducting those tests.
M&A snapshot
How timing your transactions in light of the new standards will impact your business and communication with stakeholders (M&A snapshot)10/1/08 | Assurance services
Recognizing that the new standards affecting mergers and acquisitions — FAS 141(R) and FAS 160 — will dramatically change the way companies negotiate and account for M&A, PwC has launched the first in a series of publications that will help companies keep abreast of emerging issues resulting from the new standards, as well as provide them with ideas on modifying current strategies and employing new ones for future deals. This first installment of Mergers & Acquisitions - A snapshot focuses on how the accounting treatment for M&A transactions will depend considerably on whether the deal closes before or after the effective date of the new standards.