PwC faculty newsletter archive

Every six to eight weeks you will find new thought leadership, white papers, PwC publications, and technical updates highlighted in our faculty newsletter. As each new newsletter is posted, the prior month's newsletter is archived here for your reference.

March 2013

Dear Educator:

Spring is in the air! We hope that you are all getting an opportunity to enjoy it!

This month, we highlight our recent recognition with “Value and Excellence in Consulting" Awards from the Association of Management Consulting Firms. We are pleased to announce our new “Step up to stand out" activities on our student website and recognize our xTREME game 2012 finalists. In addition, we are featuring our upcoming webcast from our PwC on Deals Webcast Series, the Quarter Close for 2013- Q1 and the Washington National Tax Services newsletter.

PwC Wins Four “Value and Excellence in Consulting" Awards from the Association of Management Consulting Firms

We are pleased to share that PwC has won four “Value and Excellence in Consulting" Awards from the Association of Management Consulting Firms (AMCF). Now in its second year, the AMCF Awards are given to projects that best illustrate how consulting teams add value to their clients’ organizations and society at large. They are chosen by an independent panel of judges who assess the quality of each submission and rigorously evaluate them against detailed selection criteria. To view the press release, click here.

PwC has launched Personal Brand Experience -- "Step up to stand out" -- on our newly redesigned campus recruiting website: pwc.com/campus. The "Step up to stand out" activities are designed to enable students to discover and showcase their unique strengths so they can stand out from the crowd. This series of interactive, fun and actionable activities will give them the clarity and direction they need to help them understand, communicate and maximize their brand so that they can make choices now to create future opportunities.

This is an opportunity for students to help discover and define their own personal brand and how that will help them stand out from the crowd in the job search. Please encourage your students to visit the website to learn more.

Highlights include:

Videos with step-by-step instruction and coaching
Personal stories of how people have maximized their brands to advance their careers
An interactive Personal Brand workbook where students can personalize and document their brand attributes and build a plan for success

Take a minute to browse the new website. You might even find some of the information helpful as you continue to build your own personal brand!

Tune in for PwC’s quarterly tax accounting webcast

Congratulations to the 2012 xTREME Games National Finalists!

PwC extends our congratulations to the teams who competed in the national finals of PwC's 2012 xTREME Games.

xACT National Finalists	xTAX National Finalists
Southern Methodist University	Baylor University
University of Arizona	Binghamton University
Ole Miss	Oklahoma State University
University of Washington	Penn State University
Villanova University	University of Wisconsin

After a fierce competition that included more than 4,700 undergraduate college students from 87 schools across the country, the University of Washington, for xACT and Oklahoma State University, for xTAX , were named the National Winning Teams. Since 2002, the xTREME competition has built the critical thinking, teamwork, leadership, and communication skills of undergraduate accounting students across the country, while promoting interest in the profession. The Games are held in two divisions: xTAX ("extreme Tax") and xACT ("extreme Accounting"). Students competed on college campuses during the fall, and ten teams were selected as finalists. In January, the xACT and xTAX finals were held in New York and Washington, D.C., respectively, where the finalists presented to firm leaders. While there, they also participated in various sessions to learn more about their personal working styles, PwC and the profession. Thank you to everyone who contributed to the success of this outstanding learning opportunity for students! We are excited to see who will rise to the Challenge in 2013!

PwC on Deals Webcast Series

We invite you to join us on March 26th at 1:00 pm EST for PwC on Deals's upcoming webcast: Yesterday's seller is unprepared in today's changing divestiture market. During this hour, we'll discuss why choosing the proper divestiture strategy is important to your business success.

Divestiture activity remains strong as companies continue to look for ways to generate cash, spin-off fast growing business segments and exit underperforming or non-core assets. The path to completing these goals is more challenging now than in prior years as buyers’ have more rigorous diligence processes and banks have raised the bar for sellers with increased demands.

Today’s environment should encourage companies to proactively assess their portfolios and identify potential divestiture or spin-off opportunities. Companies that develop a well articulated divestiture strategy, supported by comprehensive and accurate data, are best positioned for long-term success.

If you are unable to join us live, the archive will be posted to our site. To access our PwC on Deals page to view publications, upcoming webcasts (and webcast archives) or sign up for our newsletter, click here.

The quarter close — first quarter 2013 – and video perspectives

This edition of The quarter close highlights current developments in financial reporting, including key standard-setting developments in revenue, financial instruments, and other hot topics, as well as SEC and PCAOB regulatory updates. Here’s a preview of what you need to know now, and what’s coming in the year ahead:

Leadership changes at the SEC and FASB
Key decisions on the revenue recognition project
The FASB’s latest proposals on financial instruments
Accounting hot topics including accounting changes, share repurchase programs, acquisition reminders, developments in Venezuela, interim tax accounting, and January’s “fiscal cliff” legislation
Key implications of Dodd-Frank rulemaking for non-financial services companies
And more

The quarter close video perspectives

In this quarter’s video perspectives, we discuss derivatives reform under the Dodd-Frank Act, and how its impact goes beyond just financial institutions. We also discuss the effect of the FASB’s financial asset impairment proposal on non-financial services companies. And, we take a look forward at the developments expected in the coming quarter.

Washington National Tax Services newsletter

This publication provides timely insight and analysis on emerging tax issues. Developed by professionals in PwC's Washington National Tax Service, WNTS Insight keeps you "in the know" with respect to the significant tax developments impacting your company in today's ever-changing legislative and regulatory environment — a must read for corporate tax professionals wanting to stay ahead of the curve.

We hope you find this information useful. Please contact us at pwc.university.relations@us.pwc.com if we can be of assistance to you.

Best Regards,
Julie Peters
US Faculty Relations Leader

February 2013

Dear Educator:

We hope the winter months are treating you well. This month, we are pleased to highlight our recent recognition by FORTUNE and an article on ‘The Glass Hammer’ featuring our CFO. We also share our new edition of the Tax Legislative Outlook, the 16th Annual Global CEO Survey, and the launch of PwC’s Investor Resource Center. Finally, we have included a recent IFRS News publication as well as information regarding the PwC Video Library available on our website.

PwC named to FORTUNE’s “100 Best Companies to Work For” List for ninth consecutive year

We are very proud to have been once again recognized by FORTUNE as a Best Company to Work For. To view the press release, click here.

Voice of experience: Carol Sawdye featured on 'The Glass Hammer'

“The world’s a small place. Everywhere you go, your relationships should come with you. If they don’t, you’re missing an opportunity." So says PwC’s Chief Financial Officer and US Leadership Team member, Carol Sawdye, in a recent interview in "The Glass Hammer's" "Voice of Experience" column. Carol shared advice from her 28-year career spanning PwC, a major international law firm, the NBA and her return to PwC last fall.

The former Skadden Arps COO, NBA CFO and returning PwC partner encourages women to maintain a sense of urgency about their careers as they progress into higher level roles. “I think the more experience you have, the tendency is to become complacent. You need to push yourself to take on further challenges,” she says -- a realization that came to her after 17 years. Read more, and learn more about Carol's career path and experience, as well as her practical advice on networking, flexibility and risk taking, in "The Glass Hammer" article.

Challenges ahead for tax policy - 2013 Tax Legislative Outlook

The enactment of the American Taxpayer Relief Act of 2012 made permanent the 2001 and 2003 tax rates for most Americans and extended through the end of 2013 other key business and individual tax provisions. While this legislation addressed certain 'fiscal cliff' issues, continued debate over federal deficits, revenues, and spending will be a key factor in consideration of 2013 tax legislation and efforts to reform US tax laws to promote economic growth and competitiveness.

In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the key tax policy issues facing the Obama Administration and Congress in 2013, including the outlook for comprehensive tax reform, deficit reduction, business tax provisions that expire at the end of 2013, and other tax policy matters of importance to today's business leaders.

16th Annual Global CEO Survey

What do 1,300 CEOs worldwide say about today’s business challenges and opportunities? Find out in our 16th Annual Global CEO Survey.

PwC’s Investor Resource Institute

We are pleased to announce the PwC’s Investor Resource Institute which was launched earlier this month. PwC's Investor Resource Institute seeks to add value to investors' decision making processes by sharing PwC’s insights and educational materials regarding markets, industries and corporate governance, thereby strengthening their understanding of the information available to them.

US Chairman and Senior Partner, Bob Moritz stated, “Investor confidence is the bedrock of our nation’s capital markets. The goal of our program is to strengthen this confidence by helping investors better understand companies’ reporting and other publicly available information.” Our site features insights both for the investment community and from the investment community.

IFRS news

We are pleased to share the current release of “IFRS news”, PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Back to basics – the IASB goes to work on the Conceptual Framework, (2) IAS 19R: Are you ready?, (3) Cannon Street press, and (4) Questions and answers. To view the full report, click here.

PwC video library

In these videos, PwC leaders and specialists share ideas and perspectives on business challenges and opportunities. Topics include: economic and societal transparency, risk, infrastructure, disaster planning, healthcare, compliance and more. We encourage you to visit this site to identify video footage that may cover current topics of interest to you and your students.

We hope you find this information useful. Please contact us at pwc.university.relations@us.pwc.com if we can be of assistance to you.

Best Regards,
Julie Peters
US Faculty Relations Leader
January 2013
Dear Educator:

We hope that you enjoyed the holidays with family and friends and that 2013 is off to a great start!

We begin this month’s newsletter with a personal note from our US Recruiting Leader, Holly Paul. We then highlight our Photo Challenge starting this month and share our latest edition of The quarter close and The View. Finally, we have included information on the CAQ’s current RFP for academic research and an upcoming webcast on the Eurozone crisis.

A Personal Note from Holly Paul, US Recruiting Leader

After 18 wonderful years at PwC, I have decided to pursue a new adventure in my career and will be moving on to join Vocus, a software company, as the Chief Human Resource Officer. I have thoroughly enjoyed my time at PwC where I started out of college as an auditor, moved into management consulting and in the last decade have held a number of Human Capital leadership roles including, most recently, the US Recruiting Leader. At PwC, we talk with students about how you can grow your own way and I was blessed to do exactly that at PwC over my career which took me to New York, Charlotte, Washington DC and Switzerland working in different areas each step of the way. PwC has truly been the opportunity of a lifetime for me and I am now excited to try something new with all the great experiences I have had at the firm.

I will miss the great people at PwC and the great faculty that I have had the pleasure to work with and get to know. Thank you for being part of my journey and I wish you all the best. Julie Peters will continue to be PwC's US Faculty Relations Leader and for those who know Julie, you are in very good hands.

Sincerely,
Holly

Facebook/ Instagram "Making a Difference" Photo Contest!
In our role as good corporate citizens, PwC is committed to supporting our people, our communities, the marketplace and the environment. A cornerstone of these efforts is our ongoing support for youth education. Harnessing the power and skills of our network, we know that individually and collectively, we have the ability to help develop future leaders. We want to invite your students to demonstrate how they are making a difference– all you need is a phone or a camera.
We're asking your students to use Facebook or Instagram to upload an original photograph that answers the question, What does making a difference mean to you? We will choose the top 24 entrants and the public will then choose the winners. Using www.DonorsChoose.org, one grand prize winner will direct our donation of $10,000 to worthwhile classroom projects throughout the United States, and 10 runners-up will direct donations of $1,000 each to classroom projects of their choice.

Please spread the word to your students! They can find details about our photo challenge, including the contest rules, at www.facebook.com/pwcuscareers.

The photo submission period starts on January 14, and contest finalists are announced and public voting begins March 1. We will announce the winners on March 25.

The quarter close: A look at this quarter’s financial reporting issues

This quarterly publication provides key highlights from the last few months and identifies additional resources that provide more detailed information and guidance. As an eventful quarter winds down, it’s full speed ahead toward another year-end financial reporting season. We’ve got the latest updates and some timely reminders to help you navigate the path ahead.

To access the full report of the The quarter close – Q4 2012, click here.

The View: Issue 15

This publication shares PwC's perspectives on current business issues and trends. Sign up for a complimentary electronic subscription and receive:
- PwC's latest insights delivered to your inbox
- Hundreds of articles to read and share online
- Access to more in-depth research
To access the latest issue or sign up for the subscription, click here.

CAQ Request for Proposals for Academic Research in Auditing

We want to be sure that you are aware of the CAQ’s current RFP for academic research projects on topics of interest to our profession. Proposals will be accepted through March 1, 2013. To view the RFP, click here.

The Eurozone crisis- understanding the risks to international business

The Eurozone crisis is still making headlines, with ongoing speculation about how events will unfold. In today’s global economy, most companies will likely be affected in one way or another. For US companies operating in European nations that use the Euro single currency, the risks to your international business remain top of mind.

Join our panel of international specialists on Tuesday, January 29, from 12:00-1:00 pm (ET) as we discuss the crisis in its economic context, how it has evolved over recent months, and potential outcomes of the crisis. The panel will share insights on how the crisis might impact your business with focus on short-term operational, supply chain, and treasury risks. The panel will also consider the likely impact of the crisis on group tax, in particular the tax effect of changes to the single currency, and possible changes to European tax regimes.

To access this and other webcasts, go to www.pwc.com/openuniversity and search for the course name in the catalog. If you are not able to join the webcast, an archive will be posted.

I hope you find this information useful. Please contact me at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,
Julie Peters
US Faculty Relations Leader
November 2012
Dear Educator:

We hope you had a wonderful Thanksgiving holiday and were able to relax and enjoy time with family and friends. Our recruiting teams have enjoyed spending time with many of you and your students on campus over the past several weeks.

This month, we highlight the PwC’s 2012 Audit Quality Report, the Manual of Accounting – IFRS 2013, and the latest edition of our IFRS and US GAAP: similarities and differences publication. We also wanted to make you aware of the re-launch of our PwC Open University site, feature the details of our quarterly tax and financial reporting webcasts and share a recent 10Minutes publication on environmental and social risk.

PwC’s 2012 Audit Quality Report

Our focus on audit quality, PwC's 2012 audit quality report, describes the actions we have taken, and continue to take, in support of our commitment to performing high-quality audits on a sustained basis - our highest priority. The report provides additional transparency for capital market participants, including information about our internal and external inspection results and our actions responsive to those results. It also contains our 2012 transparency report, which provides information about our structure, systems, and other practices that promote audit quality.

Manual of Accounting- IFRS 2013

PwC's Manual of accounting – IFRS 2013 provides practical guidance on the IFRSs issued by the International Accounting Standards Board (IASB). To view the contents of the manual and key changes from the previous edition, visit our Global IFRS Reporting website.

IFRS and US GAAP: similarities and differences

This publication helps readers get a broad understanding of the major differences between IFRS and US GAAP today — as well as an appreciation for the level of change on the horizon. While not every difference between IFRS and US GAAP is covered here, the differences we generally consider to be the most significant and/or most common are spotlighted.

Changes for our 2012 edition include:
- A revised introduction reflects the current status, likely next steps, and what companies should be doing now (see page 2);
- More current analysis of the differences between IFRS and US GAAP — including an assessment of the impact embodied within the differences (starting on page 11); and
- Details incorporating authoritative standards and interpretive guidance issued through September 1, 2012 (throughout).
PwC US relaunches PwC Open University
PwC recently re-launched PwC Open University, a first-of-its-kind corporate education resource providing free on-line access to executive business courses developed by PwC thought leaders. With the reintroduction, PwC Open University features an enhanced interface that personalizes the user experience. We encourage you and your students to make use of this tool for personal knowledge development as well as to supplement curriculum. To view the press release, click here.

Accounting methods: Hot topics and year-end planning opportunities

As the timing rules for federal income tax purposes are constantly evolving, companies may have missed opportunities that could increase cash flow or ensure the proper deduction of certain items. Successful companies regularly evaluate their accounting methods for federal income tax purposes to recognize desired benefits.
Join our panel of accounting methods specialists on Tuesday, December 4, 2012 from 12:00 PM to 1:00 PM (EST) as they explore accounting method change opportunities related to revenue recognition, timing of deductions, inventory, cost recovery, and employee compensation. Some of the accounting method change opportunities to be discussed are non-automatic method changes that require the consent of the IRS. Accordingly, such method changes must be filed by the end of the taxpayer's taxable year, e.g., December 31 for a calendar year taxpayer. For those unable to join, an archive will be posted following the webcast.

Quarterly current accounting & reporting developments webcast series

PwC's quarterly current accounting and technical developments webcast series keeps you informed on hot topics and recent activities of various regulatory bodies including the Financial Accounting Standards Board and the Securities & Exchange Commission. By learning more about current issues, you can assess the implications on your accounting and financial reporting today and plan for the impact tomorrow. Topics for this webcast, scheduled for December 13, 2012 from 1:00 PM to 2:30 PM (EST), are an update on recent accounting developments, including newly issued guidance, and the latest on the FASB and IASB joint priority projects as well as other SEC and accounting hot topics. For those unable to join, an archive will be posted following the webcast.

10 Minutes on environmental and social risk

Companies need to be proactive about environmental and social issues that expose them to risk. Leading companies are going beyond merely identifying and tracking such risks. They're focusing on designing firm-wide responses that build business resilience. Take 10 Minutes to learn more...click here.

We hope you find this information useful. Please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,

Holly Paul
US Recruiting Leader Julie Peters
US Faculty Relations Leader

October 2012
Dear Educator:

Our campus recruiting teams are enjoying the chance to connect with many of you as momentum builds around our Fall campus recruiting activities.

In our October newsletter, we are highlighting our Global Annual Review 2012 which features a video interview of our global chairman. We have also included information on our new campus website and our recent ranking by Working Mothers Magazine once again as a top ten employer.

In addition, we are sharing information on our sustainability training materials which can be used to supplement your curriculum as well as other current technical resources such as our Q3 Quarter Close with video, Paying Taxes 2012: The global picture, and the Worldwide Tax Summaries – Corporate Taxes 2012/13.

Rethinking the future: Global Annual Review 2012

More than 180,000 people in 158 countries working to create value for our clients, people and communities in a changing world. Discover the latest facts and figures about the PwC network and hear from Dennis Nally, Chairman, PwC International Ltd. To explore our Global Annual Review 2012, click here.

PwC's campus recruiting website has a new look!

We are extremely excited to announce the launch of PwC's new campus recruiting website, www.pwc.com/campus. We revised this site based on feedback from students on the information they were most interested in finding on potential employers' websites. We invite you to explore the new site to get familiar with information that will be useful for your students.

Some of the features on our redesigned pwc.com/campus site include:
- personal stories of how our people have grown their own way with the firm
- prominent display on the homepage of all of our student programs, with the corresponding years in school for applicable participants
- a calendar of PwC events, by campus, so students can connect with us in person
Also, please keep in mind our Live Chats, hosted regularly on this site, are a great opportunity for students to connect directly with our recruiting leaders or associates and interns, to ask them any questions they may have about the recruiting process, how to make a favorable impression with employers, or opportunities at PwC. Students can always visit the site to learn when the next Live Chat will be taking place, and to access the transcript from our last chat.

We will be adding new features soon, as well as adding to our people profiles gallery. We hope that you will encourage your students to visit our site and that you will also check it out. We would love to hear your feedback!

PwC recognized by 2012 Working Mother 100 Best Companies List

PwC US has been named in the top ten of the 2012 Working Mother 100 Best Companies list for the ninth consecutive year. PwC was inducted into Working Mother's "100 Best" Hall of Fame three years ago and has now appeared 18 times in this prominent benchmark for work-life practices in corporate America. To read the press release, click here.

PwC Open University offers sustainability training series

PwC has developed a virtual sustainability training series which is available to professors and students across the country via PwC Open University. The purpose of this program is to disseminate increasingly relevant information about how 21st century careers offer opportunities to make positive social, environmental and financial impact via sustainable business practices.

The training is offered in four modules covering topics ranging from green energy to personal impact. Case studies and guest speakers are featured with interactive chats included between the module releases and at the end of the program. Certificates of completion are offered, corresponding to the number of courses completed. We encourage you to explore how these materials might supplement your curriculum to enhance your students’ knowledge of these important issues.

The quarter close: A look at this quarter’s financial reporting issues

Regulators and standard setters have issued a number of new proposals and other releases over the past several months. We’ll help get you up-to-date with The quarter close -- Q3 2012. Topics featured in this edition include the SEC's final staff report on IFRS and final rule on conflict minerals. We also provide important refreshers and some new insights on segment reporting, goodwill impairment, debt restructurings, income taxes, and more. And, we provide updates on the PCAOB’s recent activity, the FASB’s standard-setting projects, and SEC comment letter trends.

Click here to download The quarter close.

New! The quarter close video perspectives now available

In conjunction with The quarter close publication, we now offer a video component to bring you PwC's perspective on some of the latest financial reporting issues and updates. This new format addresses the top issues covered in The quarter close — bringing the issues to life in a video discussion. Click here to check it out!

Paying Taxes 2012: the global picture

This study measures the ease of paying taxes across 183 economies worldwide. It shows that reform of tax systems around the world is continuing. Improving the tax system for businesses is high on the agenda for governments - but what were the most common reforms? To view the key findings and a series of videos as well as download a custom pdf of the Paying Tax series, click here.

Worldwide Tax Summaries – Corporate Taxes 2012/13

This publication offers quick access to information about corporate tax systems in 152 countries worldwide, in an easily digestible format.

Written by local PwC tax specialists in each country, it covers the latest changes in legislation, residency, gross income, deductions, tax credits and incentives, tax administration, other taxes and tax rates, up to date (unless otherwise stated) as of 1 June 2012. Also included is a global directory of PwC contacts organised by their tax specialty area.

We hope you find this information useful. Please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,

Holly Paul
US Recruiting Leader Julie Peters
US Faculty Relations Leader

September 2012
Dear Educator:

Welcome back to campus! We enjoyed seeing many of you at the AAA meeting in Washington DC and we hope that your school year is getting off to a great start!

Our first newsletter for this academic year features our upcoming Live Chat for students scheduled for September 11th. In addition, we have highlighted our newest edition of the Point of View, our free 10Minutes app and recent 10Minutes publications, our Q3 Current Accounting and Reporting Developments and Quarterly Tax Webcasts and our tax publication entitled “How does one tax the cloud”?

PwC's "Back to Campus" Live Chat for students on September 11th

As PwC recruiters are starting to visit campuses this fall, we are hearing questions from students across the country looking for ways to make a great impression with prospective employers. Students are requesting tips for how to put their best foot forward to secure an internship or full-time position with the organization of their dreams. We would like to extend an invitation to you and your students to participate in our upcoming "Back to Campus" Live Chat with our US Campus Recruiting Leader, Alexa Hamill.

The "Back to Campus" Live Chat is an excellent opportunity for students of all majors to ask our Campus Recruiting leader their career questions. This is their opportunity to request insight about: the recruiting process, how to navigate career fairs in a meaningful way, how to prepare for interviews, and more!

At PwC, we are committed to providing people the support and resources they need to help grow their careers - at PwC and beyond. We encourage you to invite your students to join us September 11 from 4:30 - 5:30 PM ET. To join the chat, and to sign up to receive a reminder for the event, visit PwC's Live Chat website. Following the live chat, a recording will be posted for students to view the conversation.

Point of view: Other comprehensive income: A consistent approach would improve information for investors

These brief reports describe a current issue of business concern, highlight the major ramifications to companies, offer PwC's perspective, and close with Q&A addressing some key questions surrounding each issue. This issue addresses the following:
- Certain performance measures, such as earnings per share, net income, and income before taxes, are important to investors. More consistency is needed to define when items should be excluded from these measures and recognized in other comprehensive income.
- Items excluded from net income should be minimized. Only certain re-measurements caused by market movements that are not useful for investors to assess company performance should be excluded.
- Standard setters should engage investors to understand their views about information that should be excluded from net income.
- Items initially excluded from net income should be reclassified to net income when the reason for their exclusion no longer exists.
Download our FREE 10Minutes App

Experience the popular 10Minutes series on your iPad, iPhone and Android smartphone, enhanced with multimedia and more in-depth detail on each topic.

Without mincing words, each 10Minutes piece is designed to distill key information and insights on a corporate, legal, or regulatory topic relevant to your business, helping you set your compass in a landscape that is often difficult to negotiate. If we can make the journey easier for you, it will be 10 minutes well spent.

Issues of 10Minutes will often be backed up by longer studies or white papers, available from this web site and in print. There we examine the issues in greater depth, for when you have more time.

Check out these recent 10Minutes publications:
Current Accounting and Reporting Developments Webcast - Third Quarter 2012
This webcast on Wednesday, September 19, 2012 from 1:00-2:30 ET will feature insights from a broad range of PwC specialists who will update you on the current state of technical topics and emerging issues that may impact your business. The webcast is designed for Audit Committee Members, CFOs, Controllers, Finance Directors, and others with a role in accounting and financial reporting. To register for this webcast, click here.

Quarterly Tax Accounting Webcast
PwC invites you to join a panel of our Tax Accounting Services (TAS) specialists on Wednesday, September 26 from 2:00-3:00 EDT for a discussion of relevant tax accounting matters including key income tax accounting considerations associated with foreign currency matters, as well as recent regulatory and legislative developments. To register for this webcast, click here.

How does one tax the cloud?

Cloud computing is poised to become one of the largest revolutions in this era for the IT industry. From a tax perspective, professionals must stay informed about potential changes in state tax policies regarding the tax treatment of the various cloud computing platforms.

Further, tax professionals need to stay informed of cost-saving tax exemptions when client cloud computing providers are looking to expand operations.

By being aware of the various tax issues surrounding the cloud, tax professionals will be better prepared to weather the storm of state taxation that is sure to come. To view this publication, click here.

Our recruiting teams look forward to seeing you on campus as our recruiting season heats up. Please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

US Faculty Relations Leader
Summer 2012
Dear Educator:

We hope you are enjoying your summer and finding ways to keep cool. We are looking forward to the upcoming AAA Annual Meeting and the opportunity to see many of you.

We normally do not send a newsletter during the summer break. However, we identified a few things that might be of interest including recent issues of our Point of View publication, instructions to subscribe to our US Tax Newsletter and our recent 10minutes publication regarding Global Mobility.

These brief reports describe a current issue of business concern, highlight the major ramifications to companies, offer PwC's perspective, and close with Q&A addressing some key questions surrounding each issue. We would like to direct your attention to some of our recent Point of View reports:
Subscribe to PwC’s US Tax Newsletter

PwC's subscription management system gives you the ability to manage your own subscription choices. You can select from the varied list of tax and industry thought leadership, alerts, and PwC publications that you would like to receive via email to ensure that you always have access to the most current information.

10Minutes on global talent mobility

In this edition of 10Minutes we talk to leading edge companies about what is driving new mobility patterns and their current talent mobility practices, both from a short and long-term strategy perspective.

Please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you. We hope you enjoy the rest of your summer!

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

US Faculty Relations Leader
April/May 2012

Dear Educator:

As the academic year is winding down, we would like to share a few things that may be of interest to you.

Our April/May newsletter begins with comments on our US Chairman’s participation in the PCAOB Public Meeting last month. We have also featured some recent accolades for PwC including our top ranking by Diversity Inc. Top 50 Companies for Diversity and the recent Vault Accounting Survey ranking as the most prestigious accounting firm. Additional updates include information regarding our PwC Internship Experience, resources for your students including our recent “Live Chat” on “Making the Most of Your Summer”, and the announcement of our 2012 INQuires grant awards. Also, we are excited to present some new training materials on sustainability which are now available on PwC Open University.

PwC US Chairman participates in PCAOB Public Meeting

As you may know, the PCAOB held a public meeting on March 21-22 to discuss auditor independence and audit firm rotation. Comprised of 14 separate panels, the meeting was designed to further the comment process on the PCAOB's August 2011 concept release. The Board assembled 47 participants with varied experiences and perspectives, including former regulatory heads, union and investor group representatives, public company CFOs and comptrollers, audit committee chairs, academics, chief executives of audit firms, and business organization leaders. PwC's US Chairman and Senior Partner, Bob Moritz, participated on a panel along with the leaders of the other Big 4 firms and Grant Thornton. While a wide range of views were expressed by various stakeholders, much of the discussion focused on ways to improve audit quality within the existing regulatory and financial reporting framework. This approach would build upon the successful reforms of the past, including those that strengthened the role of the audit committee. In particular, many supported enhancing auditor and PCAOB communications with audit committees, and developing ways to assist audit committees in assessing the effectiveness of the auditor.

You can view a recording of the session on the PCAOB's website. Bob's comments begin about 3 hours and 21 minutes into the Day 1--Afternoon Session. In addition Bob's oral and written testimony may be of interest.

Diversity Inc. Top 50 Companies for Diversity

PwC US was named No. 1 on DiversityInc's 2012 Top 50 Companies for Diversity list, after a breakthrough year during which huge gains in diversity were seen at the senior-most levels of PwC and among all companies named to the list. The full list can be found at www.DiversityInc.com/top50.

"We are deeply honored to be recognized by DiversityInc," said Bob Moritz, PwC's US Chairman and Senior Partner. "This is tribute to all our people, who bring our diversity and inclusion efforts to life by living PwC's values and behaviors every day. Today's global economy requires organizations to have an inclusive culture that enables them to attract and retain diverse talent. As such, we have been on a journey at PwC to create that culture and diversify our talent and our leadership. We are humbled to be in such good company on this list, and recognize that our journey and our work must continue."

To view the full press release, click here.

Vault Accounting Survey rates PwC as the most prestigious accounting firm for the third year

For the third year in a row, PwC ranked as the most prestigious accounting firm in Vault’s annual Accounting Survey. This year, more than 4,100 accountants of all levels took the survey to assess their peers accounting firms on a scale of 1 to 10 based on prestige. Participants noted that PwC’s employees “have superb credentials, receive outstanding training and experience,” and the firm’s “client list includes the major players.”

PwC's Internship Experience & Intern Development Program

As the school year is winding down, we are preparing to welcome over 2,500 interns to join us for the summer. We continue to focus on providing your students with a world-class experience during their time with us. We are continuously enhancing our program to provide consistency for all of our interns across the country focusing on meaningful client assignments, personal career development and immersion into our PwC culture. Part of the internship curriculum, includes additional enrichment activities that our summer interns can apply for which include a Shadow Experience with members of our US Leadership Team, an opportunity to go abroad and work closely with another PwC member firm, and the chance to participate in teaching students financial literacy in Belize City, Belize through Project Belize.

We will once again be hosting our Intern Development Program (IDP) at Walt Disney World. This capstone program is an unforgettable, high-energy learning experience that will help prepare our interns for their full-time career as they participate in activities which demonstrate the individual contribution to the overall team.

Our internship program is discussed in detail on our student website including video clips to hear directly from some former interns about their personal experiences. We encourage you and your students to visit this site to learn more about the PwC Internship Experience.

PwC helps students make the most of their summer. . .

As the school year comes to a close, and students are starting to catch a glimpse of life after finals, they may be wondering, "What am I actually doing this summer?" Students may have an internship, part-time work, full-time work, or they may still be uncertain of their plans. We have been hearing questions from students across the country looking for ways to make the most their time this summer so that they are well-positioned to make a good impression with prospective employers in the fall. In response, we hosted a Live Chat on April 24th with PwC's US Campus Recruiting Leader, Alexa Hamill, and Sara Ross, a Detroit-based PwC intern to talk with students regarding "Making the most of your summer". Your students can view the transcript which discusses how to make the most of an internship, what activities students should do over the summer to get prepared for the recruiting season, how students can prepare to present themselves to prospective employers, and more!

At PwC, we are committed to providing people the support and resources they need to help grow their careers - at PwC and beyond. We hope you will encourage your students to utilize the resources on our student website to enhance their personal brand at www.pwc.tv and make the most of their summer!

PwC INQuires program

We are excited to announce that the PwC Charitable Foundation, Inc. is funding approximately $500,000 to 50 schools for the 2012 PwC INQuires grant program. The grants will support curriculum development, diversity initiatives and applied research support. We are proud to provide this support to universities as they work to develop the future generation of business leaders.

PwC Open University offers sustainability training series

PwC has developed a virtual sustainability training series which is available to professors and students across the country via PwC Open University. The purpose of this program is to disseminate increasingly relevant information about how 21st century careers offer opportunities to make positive social, environmental and financial impact via sustainable business practices.

The training is offered in four modules covering topics ranging from green energy to personal impact. Case studies and guest speakers are featured with interactive chats included between the module releases and at the end of the program. Certificates of completion are offered, corresponding to the number of courses completed. We encourage you to explore how these materials might supplement your curriculum to enhance your students’ knowledge of these important issues.

We hope you have a wonderful summer and we look forward to seeing many of you at the American Accounting Association Annual Meeting in Washington D.C. in August. In the meantime, please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
March 2012
Dear Educator:

Spring is upon us and we hope that you are all getting an opportunity to enjoy it.

Our March newsletter highlights connection opportunities for your students via social media and our 4th annual Digital IQ survey. In addition, we have featured our most recent editions of To the point: Current issues for boards of directors and The quarter close: A look at this quarter’s financial reporting issues. We have also provided details for the first quarterly tax update webcast for 2012.

Encourage students to join PwC US Careers on social media

If students have only been using their Facebook and Twitter accounts to keep in touch with family and friends, then they may be missing an opportunity. As more companies are expanding their presence in social media, savvy students are leveraging these platforms to interact with prospective employers and nurture their emerging careers. Historically, students may have turned to career fairs, enlisted the help of friends and family, or scoured company websites to gather valuable information about an employer. Now, they are supplementing their searches by perusing their social media newsfeeds.

Students are beginning to see social media as valuable to their career search. Company pages contain a wealth of information for career seekers and offer students the opportunity to interact with professionals prior to joining - something that was difficult to do in the past. Becoming an active member of an employer's social media platform can offer a student a competitive edge where they can obtain career leads, network, and determine if a company is the right fit for them.

PwC's US Careers Facebook and Twitter platforms, as well as the firm's LinkedIn page, offer students a unique opportunity to connect with the firm and learn more about the career opportunities available to them. At PwC, we understand the need to connect with students wherever they are, and by sharing information through social media channels, we increase the avenues through which students learn about PwC. The knowledge students gain can arm them with the tools necessary to make critical decisions regarding their future and help them catapult their career in the right direction.

We encourage you to invite interested students to join the conversation, by connecting with us on Facebook, LinkedIn US Careers group and Twitter @PwC_US_Careers. We know they will find this information beneficial as they prepare to launch their careers.

PwC defines a company’s Digital IQ as a measure of how well companies understand the value of technology and weave it into the fabric of their organization. Raising the organization's digital IQ — that is, the way company leverages digital technology and channels to meet customer, employee, and business partner needs — will help take full advantage of many of the recent changes in the global economy.

The Digital IQ Survey results confirm that top-performing companies not only put IT at the heart of their strategies—they ensure that senior management actively helps to drive the mobilization and execution of those plans.

To explore the data and view our key findings, click here.

To the point: Current issues for boards of directors

As the title suggests, To the point addresses contemporary issues and is meant to be impactful, insightful, and concise. Each quarter we address select topics that are of immediate interest to directors.

To the point: Current issues for boards of directors - Winter 2012

The winter edition shares insights on:
- What to expect in the second year of “say on pay”
  
  Shareholders will be looking to see if companies made any changes to their executive compensation policies.
- Political contributions after Citizens United
  
  With no disclosure requirement for political giving, directors should pay close attention to the issue ahead of the 2012 election.
- Other issues to expect in the 2012 proxy season
  
  Proxy access proposals, risk oversight concerns, and “fracking” are likely to surface as key shareholder issues in the coming proxy season.
The quarter close: A look at this quarter’s financial reporting issues

Welcome to the first quarter 2012 edition of The quarter close. We’re off and running on a new year, and so are the regulators and standard setters. There’s plenty of activity planned for 2012: wrapping up the priority standard-setting projects, proposing changes to the auditor’s report, and deciding the future of private company standard setting... not to mention the possibility of a proposal on IFRS in the United States.

Whether you think we’re headed for a photo finish or just mid-way through a marathon, it promises to be another action-packed year in financial reporting. Here’s a preview of what’s making news this quarter:

To view the results or download the full report, click here.

Front and center. The FASB and IASB’s joint projects are back in the spotlight as the boards make progress (together!) on financial instruments. However, working out the details on leases is proving to be a challenge. Also top of mind for many, including the SEC: continued economic uncertainty in the Eurozone and what it means for U.S. companies.

Accounting hot topics. Here we feature newly effective guidance for 2012, including standards on fair value and comprehensive income. Don’t miss out on our other hot topics either: “build to suit” leases, performance awards, valuation allowances, and more.

Hot off the press. Recent FASB releases include balance sheet offsetting disclosures and a proposal for another simplified impairment test.

Introducing…Audit reporter. Still not convinced you’re affected by audit-related issues? We’ve added a separate section with the latest audit news—including feedback on mandatory audit firm rotation—and why it should matter to you.

And lots more. We also highlight the SEC’s recent focus on the use of pricing services and the latest on the very public debate over private company standard setting. And, we touch on the hot button issues for the 2012 proxy season.

To view the full article, click here.

Tune in for PwC’s quarterly tax accounting webcast

PwC invites you to join a panel of our Tax Accounting Services (TAS) specialists on Thursday, March 29, from 2:00-3:00 pm EDT for a discussion on relevant tax accounting matters including tips related to compensation and employee benefits, interim reporting, as well as recent regulatory and legislative developments.

Click here to register.

We hope this information is beneficial for you and your students. Please contact us at paul.and.peters@us.pwc.com if we can be of assistance to you.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager

February 2012

Dear Educator:

We just returned from the APLG/FSA Annual Meeting and enjoyed seeing many of you in New Orleans.

This month, we would like to highlight our recent recognition by Fortune magazine as well as share with you an update on our xTREME competition and our recent Personal Brand Week initiative. In addition, we have included our 2012 Tax Legislative Outlook publication along with our 15th Annual Global CEO Survey and details for our first quarter webcast for technical updates for Accounting and Reporting.

PwC ranked #48 by Fortune's Top 100 Companies to Work For

We are very excited that PwC ranked #48 on the list of the Top 100 Companies to Work for in America published by FORTUNE magazine, up from #73 last year, and the eighth consecutive year we've been on the list.

Congrats to the 2011 xTREME Games National Finalists!

PwC extends our congratulations to the teams who competed in the national finals of PwC's 2011 xTREME Games.

xACT National Finalists

Providence College

University of California - Berkeley

University of Texas - Austin

University of Washington

Villanova University

xTAX National Finalists

Bryant University

Binghamton University

Brigham Young University

University of South Carolina

University of Virginia

After a fierce competition that included more than 4,400 undergraduate college students from 84 schools across the country, Providence College, for xACT ("extreme Accounting") and Brigham Young University, for xTAX ("extreme Tax"), were named the National Winning Teams. In its 10th year, the xTREME program helps to create future business leaders and inspire students' interest in accounting careers, helping them develop valuable professional skills. The Games are held in two divisions: xTAX and xACT. Students competed on college campuses during the fall, and ten teams were selected as finalists. In January, the xACT and xTAX finals were held in New York and Washington, D.C., respectively, where the finalists presented to firm leaders. While there, they also learned more about their personal working styles and PwC. Thank you to everyone who contributed to the success of this outstanding learning opportunity for students!

Personal Brand Week materials available!

PwC's Personal Brand Experience, launched February 6-10 was a tremendous success. In addition to the various events on campuses across the country, we saw significant engagement on our website, with more than 15,000 hits to the Personal Brand Experience pages alone. Students downloaded the workbooks and tools to help them understand and articulate their own personal brand, and learn how to stand out simply by being themselves.

Given PwC's belief in the the importance of each individual's unique contribution toward achieving a common goal, we will continue to offer these tools and resources to students through our website so all students, regardless of their major, can learn how to grow their career - their own way. Please encourage your students to go to www.pwc.com/us/personalbrand to take advantage of this valuable resource.

15th Annual Global CEO Survey

PwC's Annual Global CEO Survey, now in its fifteenth year, aims to inform and stimulate the debate on how businesses are facing today's challenges. Over the years, thousands of CEOs around the world have taken the time to share their views with us.

Our 15th Annual Global CEO Survey, "Delivering results: Growth and value in a volatile world", seeks to understand how businesses are preparing for growth in their priority markets. We spoke to 1,258 CEOs based in 60 countries, and carried out a further 38 in-depth CEO interviews. The survey explores CEO confidence in their company's growth prospects, and how they're building local capabilities and creating new stakeholder networks in new markets.

To view the results or download the full report, click here.

Current Accounting and Reporting Developments Webcast - First Quarter 2012

We invite you to join our first quarter webcast designed to keep you informed about emerging accounting, regulatory, and market developments impacting financial reporting. We will host the webcast on March 21, 2012 from 1:00-2:30 pm ET. To register (or to access the archive which will posted following the webcast), click here.

2012 Tax Legislative Outlook: Decision Points for Tax Policy

The 2012 elections for control of the White House and Congress will mark a key decision point for tax policy. Election-year competition over tax policy priorities may serve to define key business and individual tax issues and provide direction for the first major overhaul of US tax laws since 1986.

In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the key tax policy issues facing the Obama Administration and Congress in 2012, including the outlook for tax reform, deficit reduction measures, business tax provisions that expired at the end of 2011, individual tax provisions scheduled to expire at the end of 2012, and other tax policy matters of importance to today's business leaders. To download this publication, click here.

Best Regards,

Holly Paul

US Recruiting Leader

Julie Peters

Faculty Relations Manager

January 2012

Dear Educator:

Welcome back to campus! We hope you enjoyed your winter break and we look forward to seeing many of you at the mid-year section meetings for the AAA.

This month, our Advisory practice will host a Live Chat on our Career Corner. In addition, we are announcing the return of our Personal Brand Week. We highlight PwC Open University to draw your attention to webcasts of potential interest such as the Q4 updates for Accounting and Reporting and Tax Accounting as well as our M&A Forecast for 2012. Also, we have included our 2011 APEC CEO Summit Report and the most recent version of The Quarter Close.

Explore PwC Advisory – Career Corner Live Chat on January 25th

Did you know that PwC has an Advisory practice focused on Consulting, Deals, Forensics? PwC US Advisory is comprised of team members across the United States that have deep industry knowledge and experience, deliver strategic customer solutions, and help our clients -- from strategy through execution -- build a competitive advantage. To learn more about Consulting, Deals, and Forensics visit www.pwc.com.

On Wednesday, January 25 from 4:00pm - 5:00pm EST PwC's Advisory practice is hosting an online live chat -- "Explore PwC Advisory" -- through our Career Corner. Students will have an opportunity to learn more about PwC's Advisory practice through live interaction with current members of our Advisory practice. During the hour long live session, students can submit their questions about Advisory and what our practice is looking for in its professionals. Our hosts, Advisory Senior Associate, Zack Capozzi, who was recently named one of Forbes' "30 under 30 in Finance" and Advisory Operations Director, Cheryl Fernstrom, will respond with their insights and advice.

We encourage you and your students to join us. To receive a reminder for the event, visit PwC's Career Corner Live Chat website. To get updates and announcements regarding our live chats, you and your students can follow us on Facebook, LinkedIn and/or Twitter @PwC_US_Careers

Personal Brand Week is back!

We are happy to announce that PwC's Personal Brand Week is back, and this year takes place February 6-10! Our new "Grow Your Own Way" brand campaign, launched this Fall, has been very well received over the past few months by students as it helps them think about how they may design their own career path. PwC's Personal Brand Week is an additional opportunity for students to find and jump start their career by identifying who they are, what they can do and what matters most to them.

This event is free and open to all students, regardless of their career goals. Each day will focus on a particular area of importance when developing and articulating one's personal brand and will culminate in a personalized tool that students can use to either focus their academic goals or launch their career. By understanding and leveraging their personal brand, they can identify their individuality, maximize their strengths and manage their choices now to create future opportunities. In other words, stand out simply by being themselves!

We hope you will encourage your students to visit us on Facebook, LinkedIn and/or Twitter @PwC_US_Careers for announcements about this valuable resource.

PwC Open University

We encourage you to regularly visit www.pwc.com/openuniversity where you have free and open access to a selection PwC-developed training courses covering a variety topics that may be of interest to you &/or your students. You can browse by topic or by delivery method to find items such as the following:

Current Accounting and Reporting Developments: 4th Quarter 2011

This quarterly webcast is designed to keep you informed about emerging accounting, regulatory, and market developments impacting accounting and financial reporting. This webcast, hosted on December 1st, features insights from a broad range of PwC specialists, who will update you on the current state of technical topics and emerging issues. To access the archive, click here.

Quarterly Tax Accounting Webcast: 4th Quarter 2011

PwC invites you to join a panel of our Tax Accounting Services (TAS) specialists for a discussion of timely and relevant tax accounting matters in advance of year-end reporting for calendar-year companies -- including a discussion on tax accounting considerations related to recent regulatory and legislative developments. This webcast was hosted on December 13th. To access the archive, click here.

Deals webcast series: PwC's M&A Forecast for 2012

As corporations and private equity firms wrap up the fiscal year and look to renew growth strategies in the year ahead, how acquisitions and exits factor into those plans will be strongly influenced by confidence in the M&A market, availability of capital, and underlying economic growth conditions.

With an optimistic start to the year, the market volatility in the second half has introduced more risk into the market and increased the cost of financing. However, money is still flowing and available to get deals done.

During this webcast, hosted in December 2011, PwC experts discuss the current state of play in the US, the trends impacting dealmaking, and what we envision the deal market could look like in 2012. To access the archive, click here.

We hope that you and your students will take advantage of this outstanding resource!

Asia Pacific at an inflection point - 2011 APEC CEO Summit report

As the Knowledge Partner for the 2011 Asia-Pacific Economic Cooperation (APEC) CEO Summit, PwC conducted a survey of over 300 business executives on key business issues and trends. The Survey explored such topics as barriers to trade, the growth of bi-lateral trade amongst countries within the region, the rising competition for talent, and the impact of the innovations in the field of technology. To access the report or to view excerpts from interviews with CEOs, click here.

The quarter close: A look at this quarter’s financial reporting issues

This quarterly publication provides key highlights from the last few months and identifies additional resources that provide more detailed information and guidance. The European debt crisis, a busy FASB and IASB convergence agenda, proposals for mandatory auditor rotation, SEC views on moving to IFRS, the emerging debate on private company standard setting...there’s no shortage of newsworthy topics this quarter. All of these topics—and more—got air time at the recent AICPA National Conference on Current SEC and PCAOB Developments, so our highlights of the conference kick-off this edition. Many other hot topics are also included. We encourage you to access this informative publication.

We hope you find this information beneficial. If there is anything we can do to be more responsive to your needs, please contact us at paul.and.peters@us.pwc.com.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
November 2011
Dear Educator:

We hope you had a wonderful Thanksgiving holiday and were able to relax and enjoy time with family and friends. Our recruiting teams have enjoyed seeing many of you and your students on campus over the past several weeks.

In our newsletter this month, we would like to share some recent changes in leadership for our Tax practice. In addition, based on feedback from many of you, we have added a US Markets page on student site. We have highlighted one of our Advisory partners who recently received the “Women Leaders in Consulting” award. We have also included our new IFRS and US GAAP: similarities and differences publication and a 10minutes piece on changing corruption risks.

Rick Stamm named Global Tax Leader, Mark Mendola new US Tax Leader Role

Many of you have had the opportunity to interact with Rick Stamm, who has served as our US Tax Leader since 2004, at our faculty programs or on your campus. Rick has recently assumed the role of Network Vice Chairman, Tax. To view the press release, click here.

Rick’s successor will be Mark Mendola as our new US Tax Leader. Mark most recently served on PwC's Tax core leadership team as the Tax managing partner. To view the press release, click here.

Informing students regarding opportunities across the US

Based on feedback from many of you, we have developed a page on our student website to highlight our markets where we have critical hiring needs. We also share information to help students as they consider beginning a career with PwC to understand our structure across the US and the client opportunities within each key market. We hope you will encourage your students to view this information and reiterate that opportunities for them are not limited to offices that are in close proximity to your campus. PwC is looking for top talent for all of our markets across the US.

Our US Markets page can be accessed at: www.pwc.com/us/ourmarkets

Leanne Sardiga to be honored with "Women Leaders in Consulting" award

Congratulations to Leanne Sardiga, Advisory Transaction Services Leader for the Retail and Consumer sector, who will be honored tonight with Consulting magazine’s “Women Leaders in Consulting” 2011 award for outstanding achievement in client service. Leanne is one of only 10 women to earn this distinction. The evening marks the magazine's fifth annual Women Leaders in Consulting awards ceremony, honoring industry standouts and rising stars. Leanne has been with PwC for 17 years, accumulating deal expertise from more than 200 transactions globally, including acquisitions, divestitures, and other complex transactions. Read our press release here.

IFRS and US GAAP: similarities and differences

In December 2010, the SEC announced that by the end of this year it planned to decide on next steps regarding whether, when, and how IFRS should be incorporated into the US financial reporting system. In the meantime, the FASB and the IASB continue to deliberate key convergence projects, which they plan to finalize in the latter half of 2012. Although the future of IFRS in the US financial reporting system is uncertain, IFRS already affects US companies today due to cross-border mergers and acquisitions, business dealings with non-US customers and vendors, and as a consequence of the adoption of IFRS for statutory purposes by non-US subsidiaries.

It's not easy keeping track of what's changing and how, but this publication can help. Changes for 2011 include:
- Revised introduction reflecting the current status, likely next steps, and what companies should be doing now (see page 2);
- Updated convergence timeline, including current proposed timing of exposure drafts, deliberations, comment periods, and final standards (see page 7);
- More current analysis of the differences between IFRS and US GAAP -- including an assessment of the impact embodied within the differences (starting on page 17); and
- Details incorporating authoritative standards and interpretive guidance issued through July 31, 2011 (throughout).
This continues to be one of PwC's most-read publications, and we are confident the 2011 edition will further your understanding of these issues and potential next steps. For further exploration of the similarities and differences between IFRS and US GAAP, please also visit our IFRS Video Learning Center.

10minutes on changing corruption risks

The anti-corruption regulatory movement is emerging as one of the most formidable compliance challenges confronting the private sector. Major multinationals have taken significant steps to bolster their anti-bribery controls as they confront not only the powerful Foreign Corruption Practices Act (FCPA) in the US, but a new set of anti-corruption laws that seemingly go further than the FCPA. Yet too often we're seeing greater commitment at the top is not effectively flowing through the organization.

To help business leaders and corporate directors better understand the corruption risk landscape and more, to prioritize their company's response, we've compiled eight questions to direct to their operational teams.

We hope you find this information helpful in supporting the good work you do with your students who are the future of our profession. We look forward to continued collaboration with you over the coming months. If we can assist you, please contact us at paul.and.peters@us.pwc.com.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
October 2011

Dear Educator:

With the academic year well underway and campus recruiting activities in full swing, our recruiting teams have enjoyed seeing many of you on campus over the past few weeks.

This month, we are excited to highlight the recent Fortune magazine article on the PwC PowerPitch competition. In addition, we have included our 2011 Global Annual Review, recent editions of our publication Point of View, the Accounting Methods Spotlight October 2011 and the recently released PwC’s Board Center App.

PwC's PowerPitch featured in Fortune magazine: “American Idol: the PwC Accounting Edition”

PwC’s PowerPitch innovation contest made news this month. The Oct. 17 issue of Fortune features PwC in a five-page spread titled "American Idol: Accounting Edition" -- and includes the genesis of the program, photos of the July 28 finale, and a peek backstage at the contestants before their final pitches to the panel of judges. The finale was available for the entire US Firm to view via live webcast. PowerPitch shows how PwC is focused on the use innovation and teamwork to achieve real business results. To view the article, click here.

2011 Global Annual Review released

PwC's global network brings together firms in 158 countries, and our Global Annual Review provides a once-a-year look at who we are, what we have accomplished in the past year, and what's ahead. The report discusses the revenue performance of PwC’s global network in a difficult economy and the continued evolution of our profession. In addition, PwC's Global Annual Review looks forward at our ambitions for FY12 and beyond. Our global network plans to recruit 20,000 graduates and offer 10,000 internships across the world. The report also discusses the investments PwC is making to further enhance quality to meet the expectations of our clients, investors and other key stakeholders, as well as the challenges of a complex business environment. We encourage you to view our Global Annual Review on our website where you can explore our results using interactive tools.

These brief reports describe a current issue of business concern, highlight the major ramifications, offer PwC's opinion on it, and close with a Q&A back page addressing some of the more important questions surrounding the issue. We thought you would be interested in the following two recent editions:

The path forward for international standards in the United States

Continued dialog and increased cooperation are needed, but the worthiness of the goal demands that progress continue to be made: October 2011 Point of View.

Accounting for income taxes – it’s time for a comprehensive review

A comprehensive review is needed to reduce the complexity of income tax accounting while improving the relevance and quality of the reporting: September 2011 Point of View.

Accounting Methods Spotlight October 2011

This publication provides timely updates each month on a range of federal income tax issues including accounting methods and inventories, depreciation, long-term contract accounting, leasing, fringe benefits, and other miscellaneous tax issues. To access this publication, please click here.

PwC’s Board Center App

PwC's Board Center App provides the latest updates on corporate governance issues and trends to enable board members to more effectively meet the challenges of their critical role. The Board Center brings together insights on strategy & growth, executive compensation, financial reporting developments, and risk management with the corporate director in mind.

Click here for information regarding how to download this free app which will give you access to a library of publications and on-demand videos, including 10Minutes, To the Point, BoardroomDirect, Current Developments for Directors, BoardVision, and many other updates from PwC's Center for Board Governance.

We hope you find this information helpful in supporting the good work you do with your students who are the future of our profession. We look forward to continued collaboration with you over the coming months. If we can assist you, please contact us at paul.and.peters@us.pwc.com.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
September 2011

Dear Educator:

We hope the new school year is off to a great start. We enjoyed seeing many of you in Denver at our PwC Accounting Symposium and Tax Colloquium programs and the AAA annual meeting. We were very happy to have our US Chairman and Senior Partner, Bob Moritz, join us in Denver to host the annual CAQ Symposium and participate in the AAA Annual Meeting.

This month, we are highlighting the recent recognition of our US Advisory Leader, Dana McIlwain, as one of the top 25 consultants of 2011. We are also making you aware of two opportunities that you may want to pass along to your students - our September 14 Live Chat and our focus on promoting opportunities for students across all US offices of PwC. We are excited to tell you about our new 10minutes iPad App and feature again our outstanding resource, PwC Open University, which provides you access to upcoming live training as well as archived courses.

PwC US Chairman and Senior Partner participates in the annual CAQ Symposium and the AAA Annual Meeting

We were honored to serve as the host and sponsor for the annual CAQ Symposium on Sunday, August 7th. Our US Chairman and Senior Partner, Bob Moritz, served as host as approximately 70 practitioners and academics came together to discuss how research can enhance audit practice. Further information is included in the August 2011 CAQ Newsletter.

Bob was also pleased for the opportunity to interact with many of you at the AAA Annual Meeting. Bob served as a panelist with the Center of Audit Quality to discuss the role of the auditor. Bob was also featured as the keynote speaker for the Audit Section Luncheon.

US Advisory Leader Dana McIlwain among Top 25 Consultants of 2011

Consulting magazine has recognized US Advisory Leader Dana McIlwain as one of their Top 25 Consultants of 2011, in the category of "Excellence in Leadership." The award recognizes Dana's commitment to the continued growth and development of the practice to best serve our clients and to provide increased opportunities for our people. Under Dana's leadership, the practice has grown to over 6,000 highly talented professionals and PwC has been recognized by industry analysts as one of the world's leading consulting services providers. We congratulate Dana on receiving this recognition of his dedication and service to our firm, the Advisory practice and our clients. To read the article in Consulting magazine, visit:

The 2011 Top 25 Consultants: Dana McIlwain.

PwC's Career Corner "Back to Campus" Live Chat - September 14th

As PwC recruiters are starting to visit campuses this fall, we continue to hear questions from students across the country looking for ways to make a favorable impression with prospective employers. Students are sharing their concerns and requesting tips on how to put their best foot forward to secure an internship or full-time position. We would like to extend an invitation to you and your students to participate in our upcoming "Back to Campus" Career Corner Live Chat with our US Campus Recruiting Leader, Alexa Hamill.

The "Back to Campus" Live Chat is an excellent opportunity for students of all majors to ask our Campus Recruiting leader their career questions. This is their opportunity to ask for insight around areas such as: the recruiting process, how to navigate career fairs in a meaningful way, how to prepare for a career, and how to develop and enhance their personal brand.

At PwC, we are committed to providing people the support and resources they need to help grow their careers - at PwC and beyond. We encourage you to invite your students to join us September 14 from 4:00 - 5:00 PM ET. To join the chat, and to sign up to receive a reminder for the event, visit

PwC's Career Corner Live Chat website. For updates on our Career Corner activities, students can follow PwC on facebook (http://www.facebook.com/PwCUSCareers) and Twitter (@PwC_US_Careers).

Opportunities for your students in other geographic areas

Have a student interested in living and working in a city near their hometown after they graduate, but that home is in California and your school is in Ohio? How about a student who doesn't have a strong geographical preference and would live and work just about anywhere in the US? Or maybe a student who is interested in working with clients in a specific industry but that location is not near your school? You are in luck!

In order for us to meet our hiring needs, we will again be looking to our campus recruiters to continue to promote the opportunities across our markets and offices in the U.S. It has been a PwC practice for years and has allowed us to hire candidates into offices and markets that are geographically distant from your school. This year, we will be highlighting markets with significant needs during our campus recruiting events and will be discussing these opportunities with your students. We will also be posting this information, along with a wealth of other valuable tools that will help your students as they consider employment options, on our student website at www.pwc.tv in the section entitled

“The recruiting process”.

We encourage you to make your students aware of the opportunity to explore other options with PwC!

10Minutes iPad App

Can 10Minutes change your perspective? Complex, timely issues made simple. Thought provoking data, video, and audio; and our new exclusive slide share feature, 10Slides. Download the new 10Minutes iPad App now.

PwC Open University provides easy access to upcoming webcasts

We would like to remind you about our amazing resource, PwC Open University, which is available at www.pwc.com/openuniversity and provides free and open access to a selection of courses developed by PwC. You may be interested in these courses for your own professional development or you may find that some of the content would be great supplemental learning for the students in your courses.

We encourage you to visit the site frequently to learn about upcoming live events – such as our

Q3 Current accounting and reporting developments webcast on September 14th or our

“Talking Tax” webcast series: Critical legislative and regulatory tax developments and international tax issues webcast on September 22nd. Recent webcasts are also posted on PwC Open University under “Events on Demand” and include archived webcasts such as

US GAAP and IFRS Convergence Series: Current situation and next steps hosted on July 14, 2011 and Navigating the tax and accounting gaps in M&A reporting hosted on August 25, 2011.

Prefer to receive notifications regarding upcoming webcast in your email inbox? Our PwC Subscription Management System allows you to subscribe to various webcast series, many of which provide CPE credit. You can also select the thought leadership, alerts, and other PwC publications that you would like to receive (at no cost). To enroll, visit: http://publications.pwc.com.

Thank you for all you do to train the future leaders of our profession. We look forward to continued collaboration with you over the course of the new school year. If we can assist you, please contact us at paul.and.peters@us.pwc.com.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
April 2011
Dear Educator:

This month, our US Chairman and Senior Partner hosted a live webcast for faculty to share his views on current developments in our profession and how your students can position themselves for success. We thank those of you who were able to join us and we have provided information in our April newsletter regarding how to access the webcast archive.

Also in our April newsletter, you will find updates regarding our Personal Brand Week video contest, information about our internship program, the announcement of our 2011 INQuires program awards, and highlights of case studies now available in our online business challenge, Challenge Yourself. We have also provided information regarding an XBRL Webinar and a webcast regarding the latest Foreign Account Tax Compliance Act (FATCA) guidance.

Faculty Webcast with our US Chairman and Senior Partner
Bob Moritz hosted a webcast for faculty on Friday, April 8. Bob recognizes the important role that all of you play in preparing the future leaders of our profession. During the webcast, Bob talked about the continued evolution of our profession and what that means for your students. If you did not have the opportunity to join us, we encourage you to access the webcast via this link: Faculty Webcast.

We welcome your feedback regarding this webcast as well as your thoughts on the value of offering webcasts in the future which would potentially feature our Firm leadership team and highlight current hot topics. Please send any comments to: Paul and Peters.

Personal Brand Week Update
PwC's Personal Brand Week 2.0 ebook is available at www.pwc.com/us/personalbrandweek. Students can use the ebook to learn about preparing for interviews, improving their online image and more! The ebook includes tips from a personal brand expert as well as worksheets to help students put the tips into action.

In February, PwC launched the first nationwide 30-second personal elevator pitch contest for students. Hundreds of students across the country submitted their videos and voted for their favorite one. We're excited to announce the winner: Susan Eckman from Arizona State University. You can watch Susan's video as well as the 9 other finalists at www.facebook.com/pwcuscareers.

101 & IDP
As the school year is winding down, we are preparing to welcome our 2011 summer interns. We continue to focus on providing your students with a world-class experience during their time with us. We are continuously enhancing our program to provide a consistent experience for all of our interns across the country focusing on meaningful client experiences, personal career development and immersion into our PwC Values and Behaviors.

Finally, many of you have heard the exciting news that we have reinstated our Intern Development Program (IDP) at Walt Disney World. This capstone program is an unforgettable, high-energy learning experience that will help prepare our interns for their full-time career as they participate in activities which demonstrate the individual contribution to the overall team.

Our internship program is discussed in detail on our student website including video clips to hear directly from some former interns about their personal experiences. We encourage you and your students to visit this site to learn more about the PwC Internship Experience.

PwC INQuires program
We are excited to announce that the PwC Charitable Foundation, Inc. is funding over $770,000 to 78 schools for the 2011 PwC INQuires grant program. The grants will support curriculum development, diversity initiatives and applied research support. We are proud to provide this support to universities as they work to develop the future generation of business leaders.

Challenge yourself
"Challenge yourself" is a destination on pwc.tv where students can tackle interactive business cases designed to help them better understand representative challenges faced by tax, advisory, and assurance professionals. The cases ask students to join a fictional PwC engagement team and recommend solutions to clients using PwC's knowledge resources.

Some educators also find value in using Challenge yourself cases as part of classroom lessons or other learning activities. A leader's guide can be downloaded from the site that provides guidance and ideas for doing so. There are currently three cases available on Challenge yourself — financial crisis, data and identity theft, and sustainable tax savings. We plan to add new cases periodically that feature different topics of interest.

You can find Challenge yourself on PwC's faculty website under faculty resources or link to it at: Challenge yourself.

Spring PwC XBRL Webinar
On May 11 from 2:00-4:00 EDT, we will host a webinar to discuss how companies and the analyst community are using XBRL to enhance their reporting and analytical processes and controls. To register, click here.

Understanding the latest FATCA guidance
On April 8, 2011, the Internal Revenue Service (IRS) issued Notice 2011-34 which provides additional guidance and requests further comments on how the U.S. Treasury and IRS are approaching the implementation issues related to the Foreign Account Tax Compliance Act (FATCA) provisions included in the Hiring Incentives to Restore Employment ("HIRE") Act. The Notice both updates previously issued Notice 2010-60 as well as providing guidance on the following issues involving the implementation of FATCA:
- Updated guidance on pre-existing accounts
- Initial guidance on the definition of Passthru Payments
- The Deemed Compliant Status of Certain FFIs
- Further guidance on the Reporting on U.S. Accounts by FFIs
- The Treatment of Qualified Intermediaries
- Application of FATCA to Expanded Affiliated groups
PwC experts hosted a webcast on April 14, 2011 to discuss this guidance. To view the archive, click here.

As the current academic year is winding down, we will communicate with you again in August. If we can assist you during the summer months, please contact us at Paul and Peters. We hope you have a wonderful summer and we look forward to seeing many of you at the AAA annual meeting.

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager
March 2011

Dear Educator:

Spring is in the air! We hope that you are all getting an opportunity to enjoy it!

Our March newsletter extends again our invitation to you to participate in our faculty webcast with our US Chairman and Senior Partner, Bob Moritz. In addition, we are proud to share our recent recognition by DiversityInc. We have highlighted our recently launched CEO Agenda site & our new 10 minutes publication on the CEO Agenda. We have also provided information on accessing our Quarterly Tax Update webcast and a link to the most recent edition of our publication, The quarter close.

Invitation: Live webcast with our US Chairman and Senior Partner

Bob Moritz will host a webcast for faculty on Friday, April 8, from 11:00 am to 12:00 pm ET. All Faculty are invited to join us to hear Bob share his perspective on the continuing evolution of our profession and how your students can best position themselves to be relevant in this environment. Faculty who register for the webcast will have the opportunity to submit questions and suggested topics in advance. Bob wants to be sure to address items of interest to you and we will devote time during the webcast for questions and answers. We hope that you will take advantage of this opportunity to interact with Bob and hear directly from him about critical issues impacting our profession and ultimately your students as they prepare to enter the work force.

To register for the webcast, click here.

PwC scores all-time high on DiversityInc Top 50 Companies for

Earlier this month, PwC was honored as one of DiversityInc magazine's Top 50 Companies for Diversity -- one of the highest honors for corporate diversity in the US. Out of the 535 companies that applied, PwC came in at #3 of the top 50. The #3 spot represents an all-time high for us -- and the top ranking among the Big 4. Bob Moritz delivered a keynote address during the DiversityInc conference and also recently remarked, "Diversity of talent may be the most important asset for businesses today. In an increasingly connected world, where talent comes from today may not be where it comes from tomorrow." This win marks our 7th year on the list and 4th appearance in the top 10. PwC was also honored on five specialty lists, ranking #1 on the Top Companies for Recruitment & Retention, #2 on the Top Companies for Executive Women, #5 on the Top Companies for Asians, #6 on the Top Companies for LGBT Employees, and #3 on the Top Global Companies. Click here to view our press release regarding this announcement.

CEO Agenda: Questions every CEO should ask about getting, and staying, ahead

Innovation. Talent. Strategy makeovers. Those are among the hot buttons for CEOs as they now focus on growth. CEOs are nearly as confident of growth in the coming year as they were before the economic crisis, our recent survey finds. However, as they see the changes driven by emerging markets and new opportunities at home, they are reshaping their strategies. We're posing eight questions that can spur deep conversations with our clients about where and how their businesses need to change. Learn more: we've just released 10Minutes on the CEO Agenda and launched our new CEO Agenda microsite to capture what 1,200 business leaders have already begun to tell us about these eight important questions.

Quarterly Tax Webcast

PricewaterhouseCoopers invites you to listen to a panel of our Tax Accounting Services (TAS) specialists in a discussion of timely and relevant tax accounting matters in advance of first quarter (Q1) reporting for calendar-year companies.

We'll discuss tax accounting considerations related to business combinations, non-controlling interests, and Schedule UTP, as well as best practices within the tax provision process. This webcast was hosted on March 21st. To access the archive for this webcast, click here.

The quarter close

This quarter, the deliberations on the three major standard-setting projects are “Front and center" along with recent changes at the FASB. “Hot off the press” highlights financial asset impairment and other proposals issued so far this quarter. In “Accounting hot topics”, we discuss issues that are top of mind, including continuing buzz about pensions and loss contingencies, and timely reminders about topics ranging from business combinations to revenue. We also look “On the horizon” at feedback on effective dates and transition for the major standard-setting projects, the FASB’s new goodwill project, and private company standard-setting. We cover a lot of other ground, too, like the SEC’s progress on Dodd-Frank, including the proposed whistleblower rules, and IFRS transition activity. To access this publication, click here.

We hope you will find this information to be useful. If there is anything we can do to be more helpful or responsive to your needs, please contact us at Paul and Peters

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager

February 2011

Dear Educator:

We just returned from the APLG/FSA mid-year meeting and enjoyed seeing many of you in lovely Savannah. We have several things to share with you this month.

We would like to update you on our Personal Brand Week initiatives, the xTREME games national finals and our eXpedition program for diverse students. We have also highlighted our 2011 Tax Legislative Outlook publication, our latest edition of Point of View focused on Managing Accounting Change and our 2011 quarterly current accounting and reporting developments webcast.

Personal Brand Week 2.0

We are very excited about the great success of PwC's Personal Brand Week 2.0. Starting on February 7th, we offered a week of free activities, worksheets and interactive resources designed to help students of all majors to build their personal brands -- an essential component of today's internship and job search process. Feedback has been very positive and we are very pleased to be able to support students of all majors around these important topics. The Personal Brand Week 2.0 materials are now posted and available on our student website at pwc.com/us/personalbrandweek. We encourage you to direct your students to the site to access tools regarding online and in-person networking, online image, effective writing skills, the recruiter perspective, body language and elevator pitch. In addition, we have an exciting elevator pitch contest currently underway. Students can submit their 30 second video through March 25th for a chance to win the $5,000 grand prize.

To keep up-to-date with PwC and our Career Corner activities, stay tuned to and "like" PwC's Facebook page www.facebook.com/PwCUSCareers and visit www.pwc.tv.

Announcing xTREME winners . . .

We have just completed another successful xTREME Games! Our National Finals culminated weeks of competition among over 4,500 students from 83 schools around the country. For both xACT and xTAX, teams from five schools earned $10,000 each and an all-expense paid trip to participate in the national competition. We hosted the xACT finalists in New York and the xTAX finalists in Washington DC where the students were required to present their case solution to a panel of PwC partners.

PwC congratulates all of the national finalists:

2010 xACT National Finalists	2010 xTAX National Finalists
Bucknell University	Brigham Young University*
Emory University	Bryant University
Indiana University	UC - Berkeley
University of Illinois*	University of Houston
University of Texas	University of North Carolina - Chapel Hill

*Special recognition to the team members from the following schools who took top honors at the National Finals: xACT - University of Illinois and xTAX - Brigham Young University.

To learn more about our xTREME Case Competition, visit our xTREME website.

As you are all aware, African-American and Hispanic students are significantly under-represented in accounting programs nationwide. This presents a major challenge within the profession because it results in a smaller pool of candidates from traditional sources.

We realized that we need to reach out to students to educate them about the benefits of a career at PwC and within the profession. Everyone knows what it means to be a doctor or lawyer or banker, but not enough students understand the range of career options in public accounting. We're tackling this challenge on several fronts--and this year we added another.

In 2010, PwC launched eXpedition, a three-day program that brings together diverse college students from across the US. Highly interactive, the conference guides students through a journey of self-discovery. High-potential sophomores and juniors gain critical insights--improving their leadership skills through workshops, team-building exercises and social activities. Additionally, they networked with PwC professionals, learning about careers in public accounting and internship opportunities at PwC. We were delighted that 100% of the respondents said they would recommend eXpedition to their peers. Many of the program attendees will be joining PwC as interns this summer.

To learn more about our eXpedition program, visit www.pwc.com/us/expedition.

Tax policy in a deficit-driven world: 2011 legislative outlook

Concern over the unsustainable growth in the federal debt is expected to be both a key motivator and constraint in action on federal spending and tax policy legislation in 2011. Debate over the federal government's fiscal imbalances is expected to be contentious. At the same time, the Administration and the tax-writing committees in Congress have expressed strong interest in tax reform.

In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the challenges facing the new Congress in 2011, including the outlook for tax reform, deficit reduction measures, energy tax incentives, health care issues, and other tax policy matters of importance to today's business leaders.

Point of view: Managing accounting change

How much time and flexibility should companies be given to implement the new accounting standards expected to be issued in 2011? PwC's latest Point of view presents our views on this issue, with a focus on effective dates, transition methods and early adoption considerations for the proposed changes.

The comment period for the FASB's and the IASB's discussion papers on "Effective Dates and Transition Methods" for the new convergence standards (Revenue Recognition, Financial Instruments, Leasing and others) ended on January 31, 2011. PwC has developed a Point of view regarding this discussion paper. In short, our view is that, in the final standards, the FASB and IASB (the boards) should allow sufficient time and flexibility in the adoption process to promote quality and cost effective implementations. Quality implementations - with good disclosures - will also be in the best interest of investors. This is a very important and timely topic, as the FASB begins considering input received in the comment letter process.

Point of view: Managing accounting change

PwC's quarterly current accounting and technical developments webcast series keeps you informed on hot topics and recent activities of various regulatory bodies including the Financial Accounting Standards Board and the Securities & Exchange Commission. Our first quarterly webcast for 2011 is scheduled for March 18. To subscribe to the series, click here.

If there is anything we can do to be more helpful or responsive to your needs, please contact us at Paul and Peters

We hope you will find this information to be useful. If there is anything we can do to be more helpful or responsive to your needs, please contact us at Paul and Peters

Best Regards,

Holly Paul

US Recruiting Leader

Julie Peters

Faculty Relations Manager

January 2011

Dear Educator:

Welcome back to campus! We hope you enjoyed your winter break and we look forward to seeing many of you at the mid-year section meetings for the AAA.

We would like to thank everyone who participated in the recent Public Accounting Report Survey. We value feedback from all sources and appreciate your acknowledgement of our efforts in supporting you and your students. We will work hard to continue our collaboration and partnership with you.

Thank you as well to everyone who responded with comments and suggestions for our Personal Brand Week initiative. We have included in this newsletter the details regarding the upcoming launch of Personal Brand Week 2.0 as well as our next Live Chat on our PwC Career Corner. We have highlighted PwC Open University again to remind you of available training resources. We have also included a recent article from PwC's Setting the Standards regarding the FASB and the IASB's joint projects and two tax publications - Deferred taxes on foreign obligations and the January 2011 Accounting Methods Spotlight.

PwC's Personal Brand Week 2.0 is on its way! Starting on February 7, PwC will offer a week of free activities, worksheets and interactive resources designed to help students of all majors to build their personal brands -- an essential component of today's internship and job search process. Please feel free to share this information with your faculty colleagues in all disciplines as Personal Brand Week 2.0 will benefit students of all majors. Some of the topics we plan to cover include: online and in-person networking, online image, effective writing skills, the recruiter perspective, body language and elevator pitch. Additionally, Personal Brand Week 2.0 will culminate on February 11 with the announcement of an exciting contest for students!

Your students may also be interested in participating in our upcoming Live Chat on Personal Branding at www.pwc.com/us/careercorner on Wednesday, February 9 3:00 - 4:00 ET.

To keep up-to-date about Personal Brand Week 2.0 and our Career Corner activities, stay tuned to and "like" PwC's Facebook page www.facebook.com/PwCUSCareers and visit pwc.tv.

We announced earlier this year the launch of PwC Open University on our website at pwc.com/OpenUniversity. We would like to remind you about this great resource. Much of our award winning training materials are organized in one place, openly available and free in a convenient on-line format. We are extending these learning opportunities to our clients, future employees, the academic community and the business community in general. Many of these courses are CPE eligible.

We suggest that you visit PwC Open University frequently to view available courses such as these live &/or archived webcasts which will be hosted this month:

• Managing your uncertain tax positions by reducing or eliminating uncertainty (January 19)

• How deals have changed: Lessons learned from the M&A accounting standards (January 25)

• Indirect tax expansion: A global phenomenon (January 27)

• State and Local tax webcast series (January 27)

What you need to know about the FASB and IASB's joint projects -- December 2010

Yielding to mounting time pressures and resource constraints, the FASB and IASB recently published an updated work plan and timeline for their joint projects. While the boards reaffirmed that their target completion date of June 2011 is still a go for certain priority projects, work on most others will now have to wait. What timing can we expect for the non-priority projects? At best, look to the second half of 2011. The boards' key message: they need to keep their eye on the chief objective of developing high-quality, improved, and converged standards. Read this installment of PwC's Setting the standard for the latest on each priority and non-priority project and what's next.

Deferred taxes on foreign earnings: A road map Whether for the purpose of disclosure or recording the liability, significant judgement must be applied in measuring the deferred taxes on foreign earnings. Management needs to make assumptions about the operations of its business and consider the impact of planning opportunities. Click here to read this publication.

Accounting Methods Spotlight January 2011

This publication provides timely updates each month on a range of federal income tax issues including accounting methods and inventories, depreciation, long-term contract accounting, leasing, fringe benefits, and other miscellaneous tax issues. To access this publication, please click here.

If there is anything we can do to be more helpful or responsive to your needs, please contact us at Paul and Peters

Best Regards,

Holly Paul

US Recruiting Leader Julie Peters

Faculty Relations Manager

PwC faculty newsletter archive

March 2013

Highlights include:

xACT National Finalists

xTAX National Finalists

February 2013

January 2013

A Personal Note from Holly Paul, US Recruiting Leader

November 2012

October 2012

New! The quarter close video perspectives now available

September 2012

Summer 2012

April/May 2012

PwC US Chairman participates in PCAOB Public Meeting

Diversity Inc. Top 50 Companies for Diversity

PwC's Internship Experience & Intern Development Program

PwC helps students make the most of their summer. . .

PwC INQuires program

PwC Open University offers sustainability training series

March 2012

Encourage students to join PwC US Careers on social media

To the point: Current issues for boards of directors

The quarter close: A look at this quarter’s financial reporting issues

Tune in for PwC’s quarterly tax accounting webcast

February 2012

PwC ranked #48 by Fortune's Top 100 Companies to Work For

Congrats to the 2011 xTREME Games National Finalists!

xACT National Finalists

xTAX National Finalists

Personal Brand Week materials available!

15th Annual Global CEO Survey

Current Accounting and Reporting Developments Webcast - First Quarter 2012

2012 Tax Legislative Outlook: Decision Points for Tax Policy

January 2012

Explore PwC Advisory – Career Corner Live Chat on January 25th

Personal Brand Week is back!

Current Accounting and Reporting Developments: 4th Quarter 2011

Quarterly Tax Accounting Webcast: 4th Quarter 2011

Deals webcast series: PwC's M&A Forecast for 2012

Asia Pacific at an inflection point - 2011 APEC CEO Summit report

November 2011

Rick Stamm named Global Tax Leader, Mark Mendola new US Tax Leader Role

Informing students regarding opportunities across the US

Leanne Sardiga to be honored with "Women Leaders in Consulting" award

October 2011

PwC's PowerPitch featured in Fortune magazine: “American Idol: the PwC Accounting Edition”

2011 Global Annual Review released

The path forward for international standards in the United States

Accounting for income taxes – it’s time for a comprehensive review

Accounting Methods Spotlight October 2011

PwC’s Board Center App

September 2011

PwC US Chairman and Senior Partner participates in the annual CAQ Symposium and the AAA Annual Meeting

US Advisory Leader Dana McIlwain among Top 25 Consultants of 2011

PwC's Career Corner "Back to Campus" Live Chat - September 14th

Opportunities for your students in other geographic areas

10Minutes iPad App

PwC Open University provides easy access to upcoming webcasts

April 2011

Faculty Webcast with our US Chairman and Senior Partner

Personal Brand Week Update

101 & IDP

PwC INQuires program

Challenge yourself

Spring PwC XBRL Webinar

Understanding the latest FATCA guidance

March 2011

Invitation: Live webcast with our US Chairman and Senior Partner

PwC scores all-time high on DiversityInc Top 50 Companies for

CEO Agenda: Questions every CEO should ask about getting, and staying, ahead

Quarterly Tax Webcast

The quarter close

February 2011

Personal Brand Week 2.0

Announcing xTREME winners . . .

January 2011