Info

Big 4 Accounting Firms Podcast: Accounting Career Tips and Accounting News

We discuss the latest accounting news and accounting career tips on how to succeed at the big 4 accounting firms. Learn the rankings of the largest public accounting firms in the world, big 4 interview tips, big 4 salary details, big four news and career tips. We also discuss other topics like what it takes to pass the CPA exam and how to be a successful accountant. We cover the latest news regarding Pricewaterhousecoopers, Ernst and Young, Deloitte and KPMG.
RSS Feed Subscribe in Apple Podcasts
Big 4 Accounting Firms Podcast: Accounting Career Tips and Accounting News
2021
April
March
February
January


2020
December
November
October
September
August
July
June
May
April
March
February


2019
November
October
May
February


2018
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
May
April
March


All Episodes
Archives
Now displaying: Page 1
Apr 3, 2017

PwC will keep the Oscars

News broke last week that the Academy of Motion Pictures Arts and Sciences will keep PwC as their official ballot counter.

In case you’ve forgotten, PwC botched the best picture award at the Oscars in February 2017. PwC Partner Brian Cullinan erroneously handed Faye Dunaway and Warren Beatty the wrong envelope. He handed them the envelope for best actress instead of the envelope for best picture. Both Beatty and Dunaway have difficulty reading because of their advanced age. They saw La La Land on the winning card and just read it out loud. Instead the movie Moonlight should have won.

Statement from the Academy

Cheryl Boone Isaacs who is the President of the Academy stated that pwc made a “presentation of revised protocols and ambitious controls.” She also stated the Academy  was “ unsparing in our assessment that the mistake made by representatives of the firm was unacceptable.” There is no doubt that it was unacceptable. Brian Cullinan tweeted out evidence of his incompetence. He was tweeting pictures of Emma Stone while he should have been overseeing the presentation of best picture.

Both him and Martha Ruiz are supposed to memorize the winners of the categories in case something like this were to happen. What they should have done is rush on stage immediately instead of letting the wrong movie accept an award that isn’t theirs. Pricewaterhousecoopers will be getting a second chance but both partners will not. They will have to find another account to keep them busy in the rest of their Januaries and Februaries at PwC.

That doesn’t bode to well for Martha Ruiz and Brian Cullinan’s year end review.

New controls will be put in place

In order for PwC to retain the account, they had to put new controls in place to prevent the same thing from happening again. 

  1. PwC will not be allowed to have any distracting electronics in the backstage area this year.
  2. There will be a PwC employee backstage with knowledge of the winners sitting backstage. This person will sit with show producers in case there is any mix up.
  3. Ballot partners have increased oversight roles by Tim ryan and the return of Rick Rosas. Rick Rosas was co-balloting leader for 12 years.

Visit our site for more info -- https://big4accountingfirms.com/the-blog/pwc-retain-2018-oscars-role-despite-envelopegate/

0 Comments
Adding comments is not available at this time.