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 2014

    Dear Educator:

    After the winter we have all endured, we hope that you are beginning to enjoy the signs of Spring! This month, we spotlight a recent CNBC interview with Bob Moritz, our US Chairman and Senior Partner, and our upcoming Aspire to Lead event on April 24th. We also highlight our newly released Next Generation Diversity Study, our upgraded 365TM App, and upcoming Deals webcasts. In addition, check out a recent 10Minutes publication on data privacy, the 2014 Tax Legislative outlook publication and the 2014 Q1 Quarter Close.


    Bob Moritz’s interview with the CNBC Squawk Box

    CEOs are gaining confidence about their ability to grow in the current market conditions. Bob Moritz, PwC U.S. Chairman and Senior partner, discusses findings from PwC’s 17th Annual Global CEO Survey in an interview with CNBC Squawk Box.

    Watch the CNBC Squawk Box interview


    Aspire to Lead, April 24th, please join us and encourage your students to join . . . www.pwc.com/aspire

    We're delivering our first-ever global forum focused on women and leadership to students around the world. The event is part of 'Aspire to Lead: The PwC Women’s Leadership Series', which will focus on how female students navigate the transition from campus to career.

    Our first event in the series will be a live webcast on April 24 featuring Facebook COO Sheryl Sandberg, who set up a non-profit organisation called LeanIn.Org, igniting a conversation about women and ambition. During the webcast, Sheryl will offer tips to graduates for finding the right job, negotiating your first salary and succeeding in your career. Sheryl will be joined by Terri McClements, PwC's US Human Capital leader, who will share her insights and experiences. We hope you will join us and encourage students to join us as well. For details, visit www.pwc.com/aspire.


    Next Generation Diversity: Developing tomorrow’s female leaders

    On March 8 each year International Women’s Day is recognised across the globe to celebrate the economic, political and social achievements of women. Research and media are currently dominated with a focus on women in leadership and on corporate boards. However, to achieve sustainable change the public and private sectors must change the conversation: they must also focus on developing talented junior women now for future leadership roles. To do this organisations must first understand how best to attract, retain and develop the female millennial. This is why PwC are marking International Women’s Day this year with the theme Next Generation Diversity: Developing tomorrow’s female leaders. To support this broader conversation on gender diversity we are launching our Next Generation Diversity report.


    Use 365TM to access PwC Thought Leadership!

    If you have not yet downloaded 365TM, we encourage you to take a few minutes to do so. The app can be customized by topics, industries and your favorite authors. You can also save and share any ideas that interest you. A recent upgrade to 365 added a new feature that lets you receive automatic notifications about critical business issues – selected by PwC’s Thought Leadership editors based on relevance, timeliness and impact. Let 365 help you keep up to speed on business developments. Download the app for your iPad or iPhone.


    Deals webcast series and upcoming events

    In today’s deal environment, value creation is a focus more important than ever with greater disparity in the competition for deals and the pace at which deals are completed. To help you understand risk and identify opportunities to capture value at the deal table and beyond, we invite you to join us for our ongoing webcast discussions about deal considerations.

    Embracing Shareholder Activism: Strategy through Tactical Execution
    Live webcast date and time: March 31, 2014 1-2PM EST

    The Conference Board's Corporate Development Conference: Ensuring Unwavering Focus on Business Growth
    Event date: April 10-11, 2014


    10Minutes on data privacy

    Data protection and privacy is an urgent issue for both consumers and businesses. As customers increasingly worry whether their personal information is secure and used appropriately, companies are also concerned about protecting data and their brand. This 10Minutes highlights the importance of viewing consumer privacy from more than just a compliance lens and developing a strategy and action plan that will help businesses lead on data privacy by building customer trust and enhancing their brand. Click here to view all of our 10Minutes publications.


    Navigating a path forward: 2014 Tax Legislative Outlook

    The challenges faced by Congress in enacting tax reform - divided government and competing legislative goals - will increase in 2014 due to election year politics and an early change in tax-writing committee leadership. Meanwhile, a global focus on tax avoidance has led to a push by G20 countries and the OECD to address the ability of business to erode countries' tax bases. The enhanced focus on global tax avoidance could result in a wave of unilateral governmental action that significantly increases the risk of double taxation and a proliferation of cross border disputes.

    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, including the outlook for comprehensive tax reform, federal spending, the future of expired business tax provisions, the G20 and OECD efforts on base erosion and profit shifting (BEPS), and other tax policy matters of importance to today's business leaders.


    The Quarter close – a look at this quarter’s financial reporting issues

    PwC's quarterly current accounting and reporting 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. To sign up for future live webcasts or to access self-study materials which are CPE eligible for previous quarterly updates, click here.


    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 University Relations Leader

  • February 2014

    Dear Educator:

    We hope the winter months are treating you well. This month, we are pleased to share information regarding our upcoming Aspire to Lead event with Sheryl Sandberg, Facebook COO and author of Lean In for Graduates, as well as our 365 App and our recognition by Training Magazine for our Discover program. In addition, we highlight recent publications including The Global State of Information Security Survey, Paying taxes 2014 – the global picture and Accounting Today’s interview with Vin Colman, our US Vice Chairman and Assurance Leader.


    Live webcast with Sheryl Sandberg kicks off PwC’s global forum on women and leadership

    This spring, PwC will deliver our first-ever global forum on women and leadership to college students around the world. The event, part of “Aspire to Lead: The PwC Women’s Leadership Series,” focuses on the challenges women face as they make the transition from campus to career. It kicks off with a live webcast on April 24 featuring Sheryl Sandberg, Facebook COO and best-selling author of Lean In: Women, Work and the Will to Lead and Lean In for Graduates. We hope you will plan to join us and encourage your students to do so as well.

    Spread the word about our student photo contest

    Please make your students aware of our Aspire photo contest beginning March 3. By sharing a picture that answers the question, “To what do you aspire?”, one student will win the grand prize – an all-expense paid trip to Facebook’s studio in California where the winner will attend the live April 24 webcast. As our VIP guest, the winner will have an opportunity to ask Sheryl a question during the broadcast.

    Look for details about our Aspire to Lead leadership series and the April 24 live webcast with Sheryl Sandberg on our PwC US Careers Facebook, Linked In and Twitter pages.


    Use 365TM to access PwC Thought Leadership!

    If you have not yet downloaded 365TM, we encourage you to take a few minutes to do so. The app can be customized by topics, industries and your favorite authors. You can also save and share any ideas that interest you. Download the app for your iPad or iPhone.


    PwC’s Discover program recognized by Training Magazine

    Training magazine’s Top 125 Award winners have the most successful learning and development programs in the world. In early February, Training editors recognized PwC, a Top Ten Hall of Fame member, for our Discover leadership experience during an awards gala at the San Diego Convention Center.

    Discover is one of PwC’s signature leadership development programs. It recognizes our newly promoted Senior Associates on their milestone achievement. Throughout the program, participants work with leadership coaches, partner champions and peers on strengthening their ability to make effective choices in all of life’s domains: self, family, community and career. Since its introduction, more than 4,600 professionals have participated in Discover to celebrate their promotion.

    PwC is proud to receive one of The Hall of Fame’s most prestigious awards for Discover. Training magazine’s January/February 2014 issue includes the final rankings, features on the top five companies and stories on the Best Practices and Outstanding Initiatives Award winners.


    The Global State of Information Security® Survey 2014

    The Global State of Information Security® Survey, an annual, worldwide study by PwC, CIO magazine, and CSO magazine, aims to inform and stimulate the debate on how businesses are facing today’s security challenges. Over the years, thousands of executives around the world have taken the time to share their views with us.

    This year’s survey was conducted online from February 1, 2013, to April 1, 2013. The results are based on the responses of more than 9,600 executives including CEOs, CFOs, CISOs, CIOs, CSOs, vice presidents, and directors of IT and information security from across 115 countries.

    The Global State of Information Security® Survey 2014 shows that executives are generally heeding the need to fund enhanced security activities and have substantially improved technology safeguards, processes, and strategies. Budgets are rising and confidence continues to climb.

    But not so fast: The survey also reveals that while many organisations have raised the bar on security, their adversaries are continuing to outpace them. Detected security incidents have increased—and so has the cost of breaches. And hot-button technologies like cloud computing, mobility, and BYOD (“bring your own device”) are often being implemented before they are secured. Adding to the challenge, many executives are hesitant to share security intelligence with others—forgoing a powerful offensive tool against targeted, dynamic attacks. Click here to view and download the report.


    Paying Taxes 2014 – the global picture

    Paying Taxes 2014, the eighth edition of our joint annual report with the World Bank and IFC, is a unique study which investigates and compares tax regimes across 189 economies worldwide, ranking them according to the relative ease of paying taxes. Paying Taxes 2014 looks not only at corporate income tax, but at all of the taxes and mandatory contributions that a domestic medium-size case study company must pay. It considers the full impact of all these taxes in terms of both their tax cost and their compliance burden on business.

    Put our latest comparative global tax study to work for you. Explore our powerful new interactive data modeller — and watch the data unfurl on business tax systems across 189 global economies.


    Vin Colman Builds PwC’s Assurance Practice

    Assurance Leader Vin Colman shares his plans to build upon our success and lead our Assurance practice in 2014 and beyond. Vin discusses the bedrock nature of our audit work and points to the importance of our corollary assurance work in areas such as sustainability, cybersecurity and board governance, which both strengthens the practice and provides an important foundation for audit quality. In personal and compelling terms, Vin highlights the need to re-energize the discussion around work/life flexibility and to develop a PwC Experience that can meet the unique needs of all our people.

    Get the full scoop at "Vin Colman Builds PwC's Assurance Practice" from Accounting Today.


    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 University Relations Leader

  • January 2014

    Dear Educator:

    Happy New Year and welcome back to campus! We hope you had the opportunity to relax and recharge over the winter break.

    This month we are pleased to highlight our recognition by FORTUNE and a recent Knowledge@Wharton interview with US Chairman and Senior Partner, Bob Moritz. We also feature our 17th Annual CEO Survey, our 365TM app, and our Cyber Security Videos. Additionally, we share our Emerging Technology Blog and several new publications including Accounting for Income Taxes 2013: Hot Topics, Our focus on audit quality: 2013 report, 10Minutes on service provider transparency, and Key considerations for board and audit committee members.


    PwC named to FORTUNE’s “100 Best Companies to Work For” List for tenth 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.


    Bob Moritz: ‘Diverse Teams Give You the Best Thinking’

    Bob Moritz, our US chairman and senior partner, recently spoke with Knowledge@Wharton about the experiences that have shaped him as a leader and the importance of financial literacy in nurturing the next generation of leaders. To read the interview, click here.


    17th Annual Global CEO Survey: Fit for the future

    What do 1,300 CEOs worldwide say about today’s business challenges and opportunities? Find out in our 17th Annual Global CEO Survey.

    Download the US Report to learn what US CEOs are doing to be fit today and relevant tomorrow. To hear how US CEOS are positioning to thrive while much about their industries and the world change, watch our CEO Videos.


    Use 365TM to access PwC Thought Leadership!

    If you have not yet downloaded 365TM, we encourage you to take a few minutes to do so. The app can be customized by topics, industries and your favorite authors. You can also save and share any ideas that interest you. Download the app for your iPad or iPhone.


    Cyber Security Video Series

    Cyber-security risks and the increasing awareness, occurrence, and impact of cyber incidents confronting corporations are a rapidly growing concern to investors, senior executives, and policy setters. Driving this concern are unprecedented corporate dependencies on digital technologies which are growing at an exponential rate. Indeed, the impact of digital technologies on today’s corporations are beyond what would have imagined at the turn of the 21st century, let alone two or three decades ago. Unfortunately, determining the actual, let alone potential, cyber security risks an impact of cyber incidents confronting corporations is far from an exact science.

    We invite you to view our cyber security video series, where a number of our PwC professionals and their distinguished guests discuss the current landscape of cyber security threats, and the steps companies should consider to in connection with making business decisions to manage security and the associated opportunities.


    Emerging Technology Blog

    A cadre of thought leaders at the intersection of business and emerging technology blog to evaluate emerging technologies for business value and to navigate the resulting changes to people, processes and technology portfolios. Click here to access this blog and subscribe to receive notifications of new posts.


    Accounting for Income Taxes: 2013 Year-end Hot Topics

    Calendar year 2013 has seen considerable activity across the global legislative and regulatory landscapes. We have seen changes to tax laws in several key territories, and certain legislative trends having a significant impact on income tax accounting. These developments, combined with an environment of economic uncertainty, have added to the challenges in accounting for income taxes. To access this publication, click here.


    Our focus on audit quality: 2013 Report

    PwC's third annual audit quality report describes the actions we have taken, and continue to take, in support of our commitment to perform high-quality audits on a sustained basis - our highest priority.

    Our 2013 report represents another important step along our journey to increase our transparency and provide meaningful information to our stakeholders, who have expressed an increasing interest in how we promote sustained audit quality.

    Click here to view the report as well as a video of Bob Moritz, US Chairman and Senior Partner, and Vin Colman, US Assurance Leader, discussing the 2013 audit quality report and highlighting the actions PwC has taken in support of a commitment to performing high-quality audits.


    10Minutes on service provider transparency

    Businesses depend on service providers to handle confidential data, run essential business processes, and manage critical technology. This can leave businesses vulnerable to service provider breakdowns. The result can be the providers’ clients violating regulations and even losing customer trust. Yet many businesses may know less than they realize about their service providers’ controls. This 10Minutes discusses how SOC 2 and SOC 3 reports can give businesses the picture they need to have solid confidence in their service providers.


    Key considerations for board and audit committee members

    PwC addresses today’s changing boardroom agenda. We provide important insights and considerations about the many issues impacting corporate boards and their audit committees. The 2013-2014 report focuses on topics that can provide a basis to help enhance the quality of board and management discussions.


    Please contact us pwc.university.relations@us.pwc.com if we can be of assistance to you. Best wishes for the New Year!

    Best Regards,

    Julie Peters
    US University Relations Leader

  • December 2013

    Dear Educator:

    As the Fall term comes to a close, we would like to wish you the best during the upcoming holiday season. Our newsletter highlights a few items that you may wish to review. Please take a look at our 365 app, information on Megatrends, the 2013 Digital IQ Survey, our Tax Disclosure publication and the Quarter close (4th quarter 2013).


    Season’s

    Greetings

    The holiday season is a wonderful time to focus on the people who mean the most to us. We hope you have a chance to enjoy the company of family and friends. And in the spirit of celebration, please accept a wish of peace, health and prosperity from all of us at PwC.

    We are looking forward to enjoying a "winter break" from December 24th through January 1st at PwC as our US Leaders have decided to once again close our US offices. We hope that you enjoy your winter break as well!


    365™ is now available for iPhone!

    365™. PwC’s best business insight is now available on your iPhone. You can have access to PwC Thought Leadership whenever you want it with an option to talk about it with our experts and their PwC contacts. Take a minute today to download the app for your iPad or iPhone.


    Business Megatrends and their implications

    The world is changing at a breathtaking pace. Never before has (r) evolution occurred in such short periods of time. There are several key trends acting together. They are inescapable and they are here now. Successful organisations will be the ones who can adapt to these trends and discover how to treat them as opportunities. To review these trends, click here.


    2013 Digital IQ Survey

    PwC’s Digital IQ is an annual survey to assess how well companies understand the value of technology and weave IT into the fabric of their organization.

    PwC believes that a strong Digital IQ entails more than adopting the latest tools or having a large IT budget—it is about integrating “digital conversations” into every aspect of the business. For the complete findings, download the 5th Annual Digital IQ Survey.


    Tax Accounting Services: Income tax disclosure

    Numerous income tax accounting matters require the use of estimates, judgments, and other subjective information that can obscure the presentation in the financial statement accounts. Clarifying disclosures can enable users to gain a better understanding of the reporting entity’s income tax environment. To view this publication, click here.


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

    This edition updates you on recent FASB, SEC and other regulatory and corporate governance topics. Learn what's new now, and what to look for in the near future. We invite you to download our Q4 publication and view our new video perspectives.


    Please contact us pwc.university.relations@us.pwc.com if we can be of assistance to you. We wish you the happiest of holiday seasons!

    Best Regards,

    Miranda Kalinowski
    US Recruiting Leader
    Julie Peters
    US University Relations Leader

  • November 2013

    Dear Educator:

    The Thanksgiving holiday is approaching and we hope you have the opportunity to relax and enjoy time with your family and friends.

    This month, we are pleased to highlight the Vault Best Internship Rankings, our 365 App which is now available for iPhones, and our recent acquisition of BGT. We have included details about our upcoming Technology Forecast webcast as well as our PwC Advisory Technology Consulting Live Chat. In addition, we are providing the latest edition of our IFRS and US GAAP: Similarities and Differences publication and our Worldwide Tax Summaries publication.


    Vault Best Internship Rankings

    We are very proud to be ranked in the Top 25 for Best Overall Internships by Vault. Respondents rated their experiences in five areas: Quality of Life; Compensation & Benefits; Interview Process; Career Development; and Full-time Employment Prospects. To view the rankings, click here.


    365™ is now available for iPhone!

    365™. PwC’s best business insight is now available on your iPhone. You can have access to PwC Thought Leadership whenever you want it with an option to talk about it with our experts and their PwC contacts. Take a minute today to download the app for your iPad or iPhone.


    Acquisition of BGT Partners

    Earlier this month, PwC announced the acquisition of substantially all assets of digital consultancy BGT. As part of PwC’s U.S. Advisory business, former BGT professionals will focus on helping organizations create an enhanced experience with customers, and drive growth, performance and customer engagement across their entire enterprise. The addition of BGT’s people to PwC Advisory's roster of consultants will help clients create differentiating, brand-defining customer experiences, that can lead to higher levels of customer satisfaction and loyalty, expanded market share and sustainable revenue growth. To view the press release, click here.


    Technology Forecast: The Future of Enterprise Apps

    Please join us on Tuesday, December 10, 2013 from 1:00 PM - 2:00 PM EST to explore how “mindful apps” will drive accelerated innovation and business performance by delivering better business decisions through creating engaging, informative user experiences that put the person, not the software, in charge.

    Our speakers will discuss the three key areas of: 1) Empowering the human factor through mindful apps; 2) Technologies that enable mindful apps; and 3) The Mindful CIO: New areas for value creation. Register today!


    Explore PwC Advisory Technology Consulting

    Our PwC Live Chats have been a very successful way of engaging directly with students to address some of their career-defining questions! Our next one will be held November 20 at 12pm Eastern and is focused on our Technology Consulting practice. Following the Live Chat, the transcript will be posted on our campus site.

    PwC Advisory is comprised of team members across the US who have the right industry knowledge and experience to help our clients address their most complex business issues from strategy through execution. As one of the world’s top consulting organizations, we offer our people tremendous development and advancement opportunities throughout their career. We would like to invite your students to learn more about PwC Advisory Technology Consulting! Join us on our upcoming "Explore PwC Advisory Technology Consulting" Live Chat -- hosted by Tom DeGarmo, PwC's Global and US Advisory Technology Consulting Leader, and Advisory's Campus Sourcing Leader Alissa Danaher.

    We hope you will encourage your students to take advantage of this excellent opportunity to gain insight into PwC's Advisory Technology Consulting practice and to ask questions about careers within Technology and Forensics (e.g., what we look for in our professionals and the opportunities available to students).

    To access our Live Chats, students should visit our campus site at www.pwc.com/campus. Live Chats are listed under Programs & Events.


    PwC's IFRS and US GAAP: Similarities and Differences

    The 2013 edition of the popular IFRS and US GAAP: Similarities and Differences guide is now available here. This publication is designed to improve your understanding of the major differences between International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (US GAAP).

    For US preparers, public or private, big or small, knowledge of IFRS is important. Although a potential change to IFRS for US public companies is a longer-term vision, IFRS is increasingly relevant now to many US businesses as they engage in cross-border M&A, report to their non-US stakeholders, and manage their overseas operations. This year’s edition highlights the critical role of being financially “bilingual” in the US – fluent in both IFRS and US GAAP accounting standards. Beginning to prepare accounting students for this bilingual environment will be important to their long-term professional success without regard to whether the US, itself, adopts IFRS. PwC seeks to assist you in incorporating IFRS into your curriculum. We hope you find this publication a beneficial resource.


    Worldwide Tax Summaries – Corporate Taxes 2013/14

    Worldwide Tax Summaries – Corporate Taxes 2013/14 is a useful reference tool. It offers quick access to information about corporate tax systems in over 150 countries worldwide, in an easily digestible format. Written by local PwC tax specialists in each country, this guide covers recent changes in tax legislation as well as key information about income taxes, residency, income determination, deductions, group taxation, credits and incentives, withholding taxes, indirect taxes, and tax administration, up to date as of June 2013.

    For the most current information, visit WWTS online, which is updated regularly throughout the year, at www.pwc.com/taxsummaries


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

    Best Regards,

    Miranda Kalinowski
    US Recruiting Leader
    Julie Peters
    US University Relations Leader

  • October 2013

    Dear Educator:

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

    We are pleased to share our new consulting case studies available for your immediate use and spotlight our new thought leadership app, 365™. In addition, we want to highlight our Global Annual Review 2013, PwC’s 2013 Investor Survey, the new App for PwC’s Earn Your Future initiative, and recent recognition for Advisory Partner, Jillian Griffiths, recipient of Consulting Magazines “Women Leaders In Consulting Award”. Finally, we have included articles from Tax Analyst and Accounting Today featuring PwC leaders, Mark Mendola and Tim Ryan, respectively.


    Consulting case studies

    PwC has launched a new case study web page on pwc.com, providing a valuable hub for accessing the best examples of our experience. Sharing case studies that demonstrate how we have teamed across our competencies, sectors, and lines of service to impact our clients are valuable tools for educators to enhance their curriculum.

    Our consulting case studies highlight our experience across all industry sectors, and cover the important issues that are top of mind for our clients: business strategy & growth, Big Data & analytics, cloud computing, governance, risk & compliance and more.

    The case study collection is organized by topic, industry and function, and users can identify projects that are most relevant to them. Each case study provides a brief overview and the option to download a PDF copy. Readers are also connected to the appropriate subject matter specialists as well as other relevant information. New case studies will be added as they become available.


    365™ is live -- start using it today!

    PwC’s new app, 365™, is engaging, addictive, and available to download now, in the Apple app store. 365™ is PwC’s new thought leadership app for the iPad, launched this past September. For the first time, we’re making PwC’s best business insight available when you want it, where you want it and how you want it – with an option to talk about it with our experts and other PwC contacts. If you have not yet had the opportunity to check it out, we encourage you to take a minute today to download the app for your iPad. The iPhone version of the app will be available in early November.


    Building trust in a time of change: Global Annual Review 2013

    PwC's global network brings together firms in 157 countries, and our Global Annual Review provides a once-a-year look at who we are, what we've accomplished in the past year, and what's ahead. In this Global Annual Review, we look at issues that impact our stakeholders around the world, and we examine our performance, our key network policies and standards, and our work in the global community during FY 2013. To learn more about our performance and our commitment to our people, clients and the communities in which we operate, click here.


    PwC’s 2013 Investor’s Survey

    Investors are looking at risks differently than in the past. The financial crisis that affected capital markets across the globe demonstrated that companies–and even whole economies–can be rocked to their core when the connections between lending practices, securitization programs, and capital and funding levels are not clearly understood and monitored.

    Investors today are expecting that those who manage the businesses that rely on their capital will exercise greater care over this expanded concept of "risk." Of course, investors also seek steady returns, so risks cannot be eliminated. But this is when disclosure–information that provides necessary nourishment to an efficient market–becomes so important.

    To learn more, view or download our survey, by clicking here.


    PwC’s Earn Your Future goes mobile: New finance and career app for teens

    PwC’s Earn Your Future could reach hundreds of thousands of youth through the new PwC and Junior Achievement JA Build Your FutureTM app. The app, available for download on mobile phones and tablets for both iOS and Android operating systems, is designed to help teens with financial planning as they look toward post-secondary education and explore careers of interest. With average student loan debt at approximately $26,000, and not all careers generating enough income to pay off loan debt on time, this first of its kind app helps teens, parents, and educators break down the cost of achieving a student’s goals into real, usable numbers.

    Help us get the word out—Download and share the app with the young people in your life - your students, relatives, friends and neighbors. And, share it with schools and nonprofits where your university has relationships as a potential resource for their current programs. You can download the app now through Google Play or Apple’s app store.


    PwC’s Jillian Griffith honored with Consulting Magazine’s “Women Leaders in Consulting” Award

    Jillian Griffiths, partner in the firm’s U.S. Advisory Deals practice, has been named one of Consulting magazine’s “2013 Women Leaders in Consulting” for her outstanding achievements in client service. To view the press release, click here.


    An interview with Mark Mendola, US Vice Chairman and Tax Leader, in Tax Analyst’s Tax Notes

    The current legislative environment and tax uncertainty are making it challenging for businesses to plan beyond the short term. PwC US Tax Leader, Mark Mendola recently spoke with Tax Analysts contributing editor Jeremiah Coder on tax uncertainty, accounting firm services, and future tax policy. To access the conversation, click here.


    The Attractiveness of the Accounting Profession, Tim Ryan, US Vice Chairman & Markets, Strategy and Stakeholders Leader for PwC

    "There's never been a better time to pursue a career in the public accounting and auditing profession," says Markets, Strategy and Stakeholders Leader Tim Ryan. In the September 24 issue of Accounting Today, Tim talks about the contributions we make to business and society -- why what we do matters. He also cites five new areas where accountants and auditors will play critical roles in the future, beyond traditional financial reporting. Read "The Attractiveness of the Accounting Profession" here.


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

    Best Regards,

    Miranda Kalinowski
    US Recruiting Leader
    Julie Peters
    US University Relations Leader

  • September 2013

    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.

    We would like to thank everyone who participated in the recent Public Accounting Report Survey. We are very pleased to be ranked highest as the employer where your top accounting student hopes to work.

    In this newsletter, we feature a recent New York Times article featuring our US Chairman and Senior Partner, Bob Moritz, as well as the replay of Bob’s July 23rd discussion with Facebook COO, Sheryl Sandberg, regarding her best-selling book, Lean In. Also included is our recent recognition by Working Mothers Magazine and by Vault Magazine. In addition, we have highlighted our new 365 Thought Leadership App, our Flexibility2 Talent Network initiative and the return of our Live Chats for students. We have also provided details for our Third Quarter Tax Webcast and our latest edition of The quarter close.


    Bob Moritz on How to Learn About Diversity

    The New York Times recently published an article based upon an interview with Bob Moritz, PwC US Chairman and Senior Partner, regarding his personal experiences and lessons learned. To view the article, click here.


    On July 23rd, PwC US Chairman Bob Moritz had a candid conversation with Facebook COO Sheryl Sandberg about her best-selling book Lean In: Women, Work & the Will to Lead. They spent an hour discussing the messages of the book, why so few women have ascended to top leadership, what role men should play, and how companies can -- and must -- lean in too! To view the replay, click here.

    PwC recognized by 2013 Working Mother 100 Best Companies List

    PwC US has been named in the top 10 of the 2013 Working Mother 100 Best Companies list for the 10th consecutive year! (Click here to see the full list of 100, or here for the Top 10 – PwC is on page 9.) PwC was inducted into Working Mother's “100 Best” Hall of Fame four years ago and has now appeared 19 times among the top 100 organizations known for work-life practices in corporate America.


    Vault 2014 Consulting Ranking

    We are very pleased to have risen to #5 in the Vault 2014 Consulting Rankings which ranks employers in the consulting industry based upon employee satisfaction, firm culture, compensation, work-life balance, overall business outlook and promotion policies. To view the list, click here.


    365™ is live -- start using it today!

    365™. It’s engaging. It’s addictive. It’s available now, in the Apple App Store. 365™ is our new thought leadership app for the iPad. For the first time, we’re making PwC’s best business insight available when you want it, where you want it and how you want it – with an option to talk about it with our experts and their PwC contacts. Take a minute today to download the app for your iPad. The iPhone app is coming in early November.


    PwC's Flexibility² Talent Network™

    Market and workforce trends continue to transform our business model, especially as it relates to a one-size-fits-all career path. In addition to our existing workforce, we are forming a network of high-quality, talented and seasoned (4+ years of experience) professionals who may work for us for fixed periods of time throughout the year. PwC’s Flexibility² Talent Network™ is an attractive option for individuals who want to stay connected to the firm, our profession or the industry and enjoy a variety of client cultures and experiences for a few months, while pursuing other interests for the remainder of the year. Perhaps you or someone you may know – an alumnus of your program perhaps- would enjoy an opportunity to work for PwC in this way. Visit http://www.pwc.com/ftn to learn more.


    Live Chats are Back!

    How do you make the most of your school year? How do you land that dream internship or full time job? How do you make a great impression with a prospective employer? For these questions and more, we hope you will encourage your students to participate in our Live Chats on our campus website. Students have the opportunity to interact directly with PwC professionals to have their questions answered.

    To access our Live Chats, students should visit our campus site at www.pwc.com/campus. Live Chats are listed under Programs & Events. Our first live chat of the year was held on September 19th and the transcript is posted for review on our site.


    Tune in for PwC’s Quarterly Tax Webcast

    PwC invites you to join a panel of our Tax Accounting Services (TAS) specialists on Thursday, October 3, 2013, from 2:00-3:00 pm (EDT) for a discussion of relevant tax accounting matters including intraperiod tax expense allocation under ASC 740 as well as recent regulatory and legislative developments. To register for this webcast, click here.


    The quarter close — Third quarter 2013: Publication and new video perspectives

    The quarter close gives you a snapshot of the most significant financial reporting and regulatory updates for the quarter, and provides insight into what developments are coming in the near future. Here's a preview of what you need to know now, and what's coming through the remainder of 2013.

    Also be sure to watch The quarter close video perspectives

    ... In this quarter's video perspectives, we highlight the potential implications of the new revenue model and what companies should be thinking about now. We also discuss what companies are doing to respond to the SEC's whistleblower rule. And, we take a look at how companies should address the new COSO framework in their internal control processes.


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

    Best Regards,
    Julie Peters
    US Faculty Relations Leader





  • August 2013

    Dear Educator:

    We hope you had a wonderful summer. We very much enjoyed seeing many of you in Anaheim at the AAA conference. Our US Chairman and CEO, Bob Moritz, would like to welcome you back to campus with this video message.

    We hope your school year is getting off to a great start! Best wishes for a great year!

    Best Regards,
    Julie Peters
    US Faculty Relations Leader




  • April 2013

    Dear Educator:

    We have some exciting things to share as the academic year is winding down. This month, the 2013 DiversityInc. Top 50 list was announced with PwC at #2. In addition, we are pleased to announce the recent release of PwC’s NextGen: A global generational study. We have also highlighted the latest 10 minutes publication on the stark realities of cybersecurity. Finally, we have included a reminder about PwC Open University as a resource which may be useful to you for webcasts and training on current topics over the summer months.


    Diversity Inc. Top 50 Companies for Diversity

    Diversity Inc. Top 50 Companies for Diversity

    We are thrilled to announce that PwC was recognized by DiversityInc as the #2 company on the Top 50 Companies for Diversity. This is the 6th year in a row PwC made the top 10! DiversityInc also awarded us the #1 company for Recruitment & Retention. A total of 893 companies from a wide range of industries participated in the 2013 DiversityInc competition. The full list of the top 50 can be found at www.DiversityInc.com/top50


    PwC’s NextGen: A global generational study

    PwC’s NextGen: A global generational study

    We are pleased to share our recently released comprehensive and global generational study conducted by PwC, the University of Southern California and the London Business School looks into the aspirations, work styles and values of “Millennial”/”Generation Y” employees (those born between 1980 and 1995).

    The study, which included more than 40,000 responses from Millennials and non-Millennials alike, captures the various forces at play that are influencing the experience of Millennials. These include: workplace culture, communication and work styles, compensation and career structure, career development and opportunities and work/life balance.

    The results both confirmed and dispelled common perceptions about Millennial workers. For example, the study found that while Millennials are more tech savvy than their more senior colleagues, are globally-focused, less formal and more willing to share information, they do not feel more entitled and are willing to work just as hard as their non-Millennial counterparts.

    Other key findings include:

    • Millennials put a premium on work/life balance. 71% of Millennials say that their work demands significantly interfere with their personal lives.
    • Millennial employees want greater flexibility. Given the opportunity, 65% of Millennials would like to occasionally work from home, and 66% of Millennials would like the option to occasionally shift their work hours.
    • Millennial employees are more globally focused. More than one-third (37%) of Millennial employees want to go on a global assignment (vs. 28% of non-Millennials).
    To view the full study, click here.
    10Minutes on the stark realities of cybersecurity

    10Minutes on the stark realities of cybersecurity

    This 10Minutes discusses why cybersecurity is more than an IT challenge—it’s a business imperative. New technologies, well-funded and determined adversaries, and interconnected business ecosystems have combined to increase your company’s exposure to cyberattacks. Critical digital assets are being targeted and the potential impact to your business has never been greater. In order to sufficiently protect the business, future cash flows, and shareholder value, your approach to cybersecurity must keep pace. To view the publication, click here.


    PwC Open University

    PwC Open University

    Looking for training on a current hot topic? Need some CPE hours? Looking for online resources for your students or potential homework assignments which will reinforce your curriculum? 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. We encourage you to make use of this great tool over the summer. Visit pwc.com/openuniversity.


    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. We hope you have a great summer and look forward to seeing many of you at the AAA Annual Meeting in Anaheim.

    Best Regards,
    Julie Peters
    US Faculty Relations Leader





  • 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.
    Personal Brand Experience

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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.


    PwC webcasts

    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.


    Quality Report

    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.


    IFRS 2013

    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

    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).

    Open University

    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.
    PwC webcasts

    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

    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

    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!

    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 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 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

    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.


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

    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”?


    Live chat

    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

    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

    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:


    Tune in for PwC’s quarterly tax accounting webcast

    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?

    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