Faculty newsletter

April 2014

Dear Educator:

We have a few things to share with you as the school year winds down. Our Aspire to Lead live webcast will be held on April 24th with a replay available soon after. Earlier this month, we announced our successful combination with Booz & Co. and we were recognized by Vault.com. In addition, we are highlighting our 6th Annual Digital IQ Survey, our 365 App and our Flexibility2 Talent Network hiring initiative. Finally, we have included information on PwC Open University, a tax publication on the challenges faced by US inbound companies and the launch of our new Audit Committee Excellence Series.

Aspire to Lead – live webcast April 24th

Please join us for 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.

Given your deep insight into the challenges facing college students during this critical time in their personal and professional lives, I hope you and your colleagues, as well as your students, will tune into this event. If you are not able to view the live webcast, the replay will be posted soon after. For details, www.pwc.com/aspire.

PwC Completes its Acquisition of Booz & Company

PwC is pleased to announce that we successfully completed earlier this month our combination with Booz & Company.  With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network.  Marking this occasion, Booz & Company has changed its name to Strategy& (pronounced Strategy and). This new name, which will be used alongside the PwC name and brand, reflects the strength in strategy consulting that Booz & Company brings to the PwC Network and the benefits this deal will bring to all clients and stakeholders.

Building on Booz & Company’s century of consulting excellence, Strategy& and PwC have a vision to create the world’s pre-eminent strategy-through-execution firm.  We combine world-class strategic and operational thinking to help clients outperform their competitors.  As the firm that both designs and executes winning strategies for the world’s leading institutions, we are a ‘Category of One’ and are set to change the consulting landscape forever. 

For more information, click here to view the press release.

PwC Ranks No. 1 in Vault’s Latest Accounting Rankings

Experienced professionals look to Vault.com’s company rankings, ratings and reviews to get the inside scoop on what it’s really like to work in an industry, company or profession. Each year, Vault surveys those who work in the accounting industry to rate firms on quality of life (such as culture, satisfaction, work/life balance, and compensation) as well as overall prestige. The result is their annual list of the Vault Accounting 50.

Based on the input of 10,000 accounting professionals, PwC once again ranked #1 in the overall Accounting 50 this year as well as #1 in Prestige. Accountants at peer firms told Vault that PwC is “still the gold standard,” “the firm to beat,” “a good firm for large clients,” “highly thought of,” “top notch,” and “the best of the Big 4.” This year, for the first time, Vault asked accountants to rate firms in three practice areas: tax accounting, forensic accounting, and audit and assurance. PwC ranked No. 1 in all three. Learn more about our rankings at vault.com

PwC’s 6th Annual Digital IQ Survey


Nearly 1,500 business and IT executives from 36 countries and across a range of industries participated in this year’s Digital IQ Survey.  Today, all roads lead to digital. From business strategy to execution, digital technology has become the foundation for everything we do. Nearly every organization lays claim to being a digital enterprise, but only 20% of respondents in this year’s Digital IQ Survey rated their companies as having ‘excellent’ Digital IQ.  To review or download the report, click here.

Use 365™ to access PwC Thought Leadership!

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

PwC's Flexibility² Talent Network™

As the market and the workforce changes, so are we. PwC is continuing to develop a contingent workforce base to better meet the needs of our changing business. In addition to our traditional employees who work for us year-round, PwC has formed a network of high-quality, talented professionals who may work for us for definitive periods of time throughout the year. We call this group PwC's Flexibility2 Talent Network. Flexibility means different things to different people. For this group of professionals, it means being a part of a global network of firms, with access to rich and varied opportunities, top talent and professionals for part of the year, while having the time and income for other endeavors. Our Flexbility2 Talent Network is just one more way that the firm is capitalizing on the diversity of talent in the market while providing opportunities for qualified individuals who want to work for us - but not year round. If you know of any alumni from your program who might be interested in the opportunity to work for PwC in this way, we encourage you to share this information. To learn more, visit http://www.pwc.com/ftn

PwC Open University

PwC Open University is a first-of-its-kind continuing business education resource that provides executives, PwC alumni, faculty, students and the general public free and open access to a growing library of online courseware developed by PwC's award-winning training program.

Building upon innovative steps taken by leading universities such as MIT and Yale to make their courseware freely available, PwC has pioneered free open corporate education for the public, sharing professional insights across multiple industries to enhance the public's understanding of complex business issues.

Today, visitors have access to almost 250 courses to help develop their skills and earn CPE credit. This world-class library continues to expand based on current business issues and regulatory developments, further establishing PwC as a trendsetter in continuing business education.

To access the library of courses, please visit www.pwc.com/openuniversity.

The unique challenges facing US inbound companies

It's not news that today’s corporate tax function faces more and more challenges. The constant demand to increase productivity is virtually a cliché, and the ever-escalating regulatory burden coupled with tight budgets, unprecedented demands for information from taxing jurisdictions, and the high threshold to consistently produce timely and accurate tax compliance and financial accounting all contribute to a difficult operational environment for tax departments around the world. Overlay this with the increased scrutiny on the tax affairs of multinational businesses and it is clear that the demands have never been greater, and continue to grow.

In their quest to overcome these hurdles, tax departments often face internal barriers as well. Access to quality data, heavy reliance on complex spreadsheets, inefficient data collection processes, and sometimes even less than ideal collaboration with other parts of the business all contribute to today's challenging landscape for tax executives.

So how can tax departments navigate these challenges and move forward?  Click here to view or download the publication.

PwC’s Audit Committee Excellence Series – Assessing the company’s forward-looking guidance practices and the potential risks of consensus estimates

How does an audit committee “raise the bar” on its performance? The PwC Center for Board Governance is publishing the Audit Committee Excellence Series (ACES) to help address this question. The series provides practical and actionable insights, perspectives and ideas to help audit committees maximize committee performance.

To read the inaugural edition, 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.

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

Best Regards,

Julie Peters
US University Relations Leader