The importance of accounting standards

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PricewaterhouseCoopers was created in July 1998 by the merger of two firms - Price Waterhouse and Coopers & Lybrand - each with historical roots going back some 150 years and originating in London. PricewaterhouseCoopers, the world’s largest professional services organisation, helps its clients build value, manage risk and improve their performance. Drawing on the talents of more than 140,000 people in 152 countries, it provides a full range of business advisory services to leading global, national and local companies and to public institutions. These services include audit, accounting and tax advice; management, information technology and human resource consulting; financial advisory services including mergers & acquisitions, business recovery, project finance and litigation support; business process outsourcing services; and legal services through a global network of affiliated law firms. To meet their growth targets they need to hire 1,000 people a week across the world.They will be the largest professional services firm in critically important emerging markets: Russia and the Former Soviet Union, India, China, Singapore, Malaysia and Latin America.The high technology practice will yield revenues in excess of $1 billion with over 2,500 technology clients.Work with Financial Services clients will represent more than 20% of PricewaterhouseCoopers’ international revenues.They are already investing...

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