Faculty newsletter

May 2016

Dear Educator,

As the school year winds down and comes to a close we hope you are looking forward to the summer months.

In this edition, we feature our Aspire to Lead webcast replay. We are also pleased to share our recognition by Working Mother, Fatherly and Fast Company. In addition, we bring you publications on new revenue standards, reports from our CEO Survey results, as well as resources on the Tax Function of the Future, Information Sharing and Analysis Organizations, and the DeNovo platform.

Aspire to Lead: the Replay

In early 2016, we delivered our third Aspire to lead webcast where viewers heard Geena Davis, Award-winning actor and Founder of the Geena Davis Institute on Gender in Media, give an inspirational keynote speech on the empowerment and advancement of women, followed by a robust panel discussion with Geena as well as Dawn Hudson, CEO of the Academy, Jennifer Yuh Nelson, Academy Award nominee and director, and Peter Yobo, PwC US Advisory Senior Associate, where they examined the parallels between gender portrayals in the media, the role of women in the workplace, and discussed how men and women can take action to support gender equality. Michael Fenlon, PwC's Global Talent leader, hosted the program and spoke about how men can serve as advocates for gender equality through the UN HeForShe movement. Watch the replay here.

PwC recognized on Working Mother's 2016 "Best companies for multicultural women" list

PwC’s recruiting efforts on diverse college campuses and efforts to develop and mentor women of color has once again earned the firm a spot on Working Mother media’s 2016 “Best Companies for Multicultural Women” list.

Identifying high-potential, multicultural women is critical to the diversification of PwC’s talent pipeline. To help increase the number of Latino and Black students in the profession, last year we launched a “Freshman Connect” program on 10 campuses to offer personal brand workshops and PwC mentors who can provide insights into opportunities at the firm. To read more and see the full list click here.

Fast Company’s 100 Most Creative People

Fast Company just released its annual ranking of 100 Most Creative People in Business for 2016 and PwC has two people on it! Michael Fenlon and Shannon Schuyler are amongst the influential and diverse group of leading thinkers around the globe. See the full list here.

Top Places to Work for Dads

In the past year there has been remarkable progress with companies expanding benefits for new fathers. Fatherly produced a list of the 50 Best Places to Work for New Dads and PwC made the cut. Read the full list here.

In brief: FASB issues narrow-scope improvements to new revenue standard

On May 9, 2016, the FASB finalized amendments to the guidance in the new revenue standard on collectibility, noncash consideration, presentation of sales tax, and transition. The amendments are intended to address implementation issues that were raised by stakeholders and discussed by the Revenue Recognition Transition Resource Group (TRG), and provide additional practical expedients. To read more, click here. To download the report, click here.

Tax and technology: Top findings from PwC’s 2016 US CEO Survey

Redesign, redefine and redeploy Tax as a strategic business asset

Much of the public and media attention we see in the tax world is focused on the needs of governments to fill their revenue gaps. There is growing concern that US headquartered businesses have become targets in this environment. Concurrently, they now face more demanding and complex global reporting requirements with fewer resources at their disposal.

Our latest US CEO Survey finds US CEOs in agreement. They are almost universally worried about a rising tax burden and rank a country’s tax system as a top consideration when determining overall investment strategy. However, in stark contrast to their global counterparts, US CEOs are split when asked if their company’s leadership is involved in their tax planning and if that tax strategy is linked to company reputation. Besides agreement on tax policy as a top consideration, CEOs agree that data and analytics are key to driving business growth and view the pace of technological change as a challenge.

What does this mean for the Tax function of the future? Read more here.

Tax Function of the Future: Unlocking data possibilities

Data is a vast and growing asset that needs to be transformed into a powerful strategic tool. PwC's Andy Ruggles, Rob Baldwin and Dan DiFillippo explain how actionable, data-driven insights can lead to extraordinary results for organisations.  To watch the video, click here.

Information Sharing and Analysis Organizations: Putting theory into practice

This report walks stakeholders through the practical steps and considerations governing (1) the vetting of ISAO members, (2) the benchmarking and rating of ISAOs, ISAO members, and ISAOs’ threat information, and (3) cross-border information sharing. Even as we await the work of the standard setting organization, stakeholders can make substantial progress establishing and operating ISAOs using the recommendations PwC makes in this report. Learn more here or download the report here.

The DeNovo platform

A platform to understand how disruption impacts business strategy and what actions to take

DeNovo represents the next generation of strategy consulting — a new platform focused on the impact of FinTech innovation on Financial Services firms.

The rapid emergence of disruptive technologies and new business models requires a modern way of delivering strategic advice, when and where you need it. Get real-time, relevant content and insights delivered to you via web, mobile, and direct interaction with our team of innovation strategists. Learn more here.

People and purpose: Talent strategy in an unpredictable world

Our 19th Annual Global CEO survey asked over 1,400 business leaders for their views. Issues around talent were high on the CEO agenda.

Businesses and their leaders are facing some pressing questions about their future talent pipelines and people strategy. The pace of technological, political and economic change has left CEOs standing on constantly shifting ground. But this year’s survey has uncovered another obstacle.

People want to support and work for organisations they can trust, with values that mirror their own. Consumers and customers are looking for more responsible and ethical goods, services, brands, companies and employers.

Any organisation that fails to deliver what stakeholders are looking for will suffer. Corporate purpose is the new mantra; societal value the benchmark. To find out more, read our new report - People and purpose: Talent strategy in an unpredictable world. Read more here and download the report here.

Staying connected...follow me on Twitter and LinkedIn

Over the next few months, please contact us at pwc.university.relations@us.pwc.com if we can be of assistance to you. To stay connected regarding hot topics and PwC initiatives over the summer, please follow me on Twitter and LinkedIn.  We look forward to seeing many of you at the AAA Annual Meeting in New York City.  Have a fabulous summer! 

Best Regards,

Julie Peters, US University Relations Leader

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