Faculty newsletter

September 2016

Dear Educator,

Fall is now in full motion! As the new school year starts, we are excited for you to see our recruiting teams back on campus.

In this newsletter, we bring you a recap of #AuditorProud day that took place on September 22nd -- hear from our leaders on why they are #AuditorProud. We are also pleased to announce that PwC made Vault’s top 5 consulting firms!  We are featuring again this month our collaboration with Coursera for our Data Analytics Specialization and we’re also highlighting the second anniversary of HeforShe along with other global diversity initiatives. Learn about updates to Tax and Accounting through our Tax Function of the Future webcast, the Quarter Close, Tax Summaries and other included reports. Finally, we bring you articles recently released such as Dimensions of the Student Loan Crisis, Cities of Opportunity, and more. 

Recap: #AuditorProud Day

Last week, on September 22nd, we celebrated #AuditorProud Day. We decided to show a day in the life of an actual PwC auditor vs. a stereotypical accountant. The auditing profession serves an important role in society. It's dynamic, challenging and fun. Learn more here.

Our leaders joined the conversation! To hear about what Tim Ryan has to say about being #auditorproud, click here. To hear from Maria Moats, click here. To learn about what skills are needed for today’s auditors, read more here from Bill Brennan. And, finally, to hear about a day in the life of an auditor, read from Don Christian here

Advisory ranked #5 on Vault.com’s Consulting 50 best consulting firms to work for in 2017!

The 2016-17 Vault Consulting Rankings have landed and PwC has been ranked in the top 5! This year, Vault surveyed more than 17,000 practicing consultants worldwide (a record response), which has given Vault the data to be able to take an incredibly detailed look at the trends driving the industry, and the factors that consultants consider to be most important about life at their firms. See the full list here.

Collaborating with Coursera   

Empowering people through learning

At PwC, our purpose is to build trust in society and solve important problems.  We think there's an opportunity to do this by sharing our experience and expertise with anyone who wants to learn.  We’re joining forces with Coursera to create a series of courses designed around topics that address big global issues, drawing on the real-world knowledge and experience of PwC experts from around the globe from multiple disciplines.  Our first course is focused on data and analytics, one of the biggest areas of opportunity to help solve problems in an increasingly complex world.

All course materials can be accessed at no charge when enrolling in the individual courses.  (Those enrolling in the specialization to include the capstone will pay a small fee and will receive a certificate of completion).   As instructors, you may find the materials useful for personal development but could also potentially identify portions of the courses which you could incorporate into your classes to help demonstrate concepts you are teaching.  We hope you will agree this is a valuable resource. To learn more, click here. To enroll today, click here.

Are You HeforShe?

“Diversity, inclusion and peace are vital for solving important problems: this year we’re linking them more closely than ever”

As a HeForShe Impact 10x10x10 Corporate Champion, Bob Moritz, Chairman of PwC International, joined world leaders, change-makers, activists and celebrities at a United Nations event in New York on September 20th to mark the second anniversary of the HeForShe movement.

Bob Moritz, Chairman of PwC International says, “For PwC, HeForShe is about realising everyone’s full potential. We are very proud to release the Building Gender IQ learning module to raise awareness and encourage action to create an equal world for men and women.”

PwC has joined forces with the United Nations to develop a new Building Gender IQ eLearn module that seeks to educate people around the world on the importance and benefits of gender diversity in the workplace and beyond. Available soon, the module will be accessible and free to anyone in the world. Stay tuned to the module’s release!

Read more from Bob Mortiz here. To pledge your support for HeforShe, click here.

The PwC diversity journey

Creating impact, achieving results

At PwC, diversity and inclusiveness are huge priorities for us around the world.To have impact and serve our communities, our stakeholders and our clients, we need diverse talent. To solve the problems our stakeholders are facing, we need diverse talent. To build trust across different points of view, we need diverse talent. It’s imperative we attract, retain and develop diverse professionals to spur innovation, drive growth and sustain competitive advantage in the marketplace.

In this report, we share with you the story of our global diversity journey. I hope that by sharing our experiences, challenges and insights, we will learn from and engage with others about their own diversity and inclusion journeys. No one organisation has the sole right answer -- and we hope that by sharing our thinking, we will learn from others, knowing the best ideas come from having many voices in the conversation. Learn more here.

Dimensions of the Student Loan Crisis

Student lending in the United States has topped $1.3 trillion. Average indebtedness per borrower for the class of 2015 is approximately $35,000*. The cost of education continues to outpace inflation and federal default rates are in double digits. These market dynamics coupled with the passing of comprehensive education finance reforms and the increased scrutiny from the Consumer Financial Protection Bureau (CFPB), have forced each member of the student loan value chain to rethink many aspects of their existing operating models.

PwC’s student lending and higher education specialists work with clients throughout the student lending value chain, assisting stakeholders with solutions to their complex business challenges.

Our work with colleges and universities is focused on helping boards, presidents and senior administration with sustainability, operational efficiencies and strategic focus to remain competitive in the unstable higher education market. With lender clients, we help craft and develop business and risk models to succeed in the highly competitive environment and help provide guidance on legacy portfolio management. Our work with Title IV Servicers (TIVAS) is unparalleled in the industry, creating effective operational models, compliance monitoring systems, and assessing risk.

To learn more, click here. To read part one, click here & to read part two, click here. To learn about PwC’s Student Loan Paydown benefit, click here.

Tax Function of the Future webcast

Building the business case for change.

Date: Thursday, October 6, 2016
Time: 10:00 AM - 11:00 AM (ET)

In this webcast, our global Tax Reporting & Strategy specialists will discuss:

  • Why it is important to develop a vision and strategy for the Tax function that considers the solutions needed to respond to increasingly complex global demands.
  • What steps the Tax function should take now to develop a comprehensive strategy that evaluates internal and external challenges, incorporates key success factors and expectations of stakeholders.
  • How to leverage a well-developed Tax function strategy in constructing and effectively articulating the business case for change.

We hope that you will join us for this timely discussion. Webcast attendees will be eligible for 1.0 hour of Continuing Professional Education credit in Tax. Register here.

The Quarter Close: Q3

This edition of The quarter close focuses on timely accounting and reporting information that can help you prepare for second quarter reporting. We start by spotlighting a video on structured payables.

The quarter close is just one way we help keep you up to speed on what you need to know each quarter. Whether you prefer the written word, audio webcasts and podcasts, or video clips, our offerings have you covered—all accessible from this page. Read more here.

Cities of Opportunity

The living city

London, Singapore, Toronto and Paris top the 2016 benchmark (our 7th edition) of the broad urban qualities that make 30 global business, finance and culture capitals successful. Beneath the headline results of who finishes first, however, findings show the heart of the city revolves around balanced social and economic strengths. And even in this group of cities that power the world economy, quality of life factors jump out in relation to urban success. People are at the center of the big city picture. Read more here.

Worldwide Tax Summaries

Worldwide Tax Summaries (WWTS) is a key reference tool for all tax practitioners. It draws on the breadth and depth of expertise offered by PwC, and gives you quick access to information about the corporate and individual tax systems in 155 countries worldwide, in an easily digestible format. Learn more about the tool here.

Regulatory and standard-setting developments

September 2016

This document provides a summary of the activities of the FASB, PCAOB, SEC and related international developments that may be of interest to audit committees, companies, and their stakeholders. Download the full report here.

State of Compliance Study 2016

Laying a strategic foundation for strong compliance risk management

The 6th Annual State of Compliance Study is based on responses from over 800 executives globally. This year, we focused on business strategy because the connection of compliance to business strategy – including tone at the top, risk assessment, and Oversight and responsibility – lays the strategic foundation for both a culture of compliance and ethics, and management programs that help ensure the organization conforms to all necessary regulatory requirements and ethical standards. Learn more here.


The Autumn 2016 Issue

The 2016 Autumn issue of Strategy+Business is now available. In this issue are articles such as 10 Principles of Strategic LeadershipDiagnosing DislocationThe Chrysalis EffectA World of Differences, and more. To see more from this month’s edition, click here.

Every Tuesday, join PwC US Careers in the #TaxTuesday dialogue on Twitter!

Use the hashtag #TaxTuesday on twitter to join the conversation. To hear from our new US Tax Leader and his plans to increase diversity & technology, click here. To hear from our people on why they chose tax, 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

Follow me on Twitter and LinkedIn!

Have #StudentDebt? PwC can help! Learn more about PwC's new employee benefit.