PricewaterhouseCoopers has issued its Global Annual Review for the fiscal year ended 30 June, 2008 in which it reported that total gross revenues for its worldwide network of firms rose by 8 per cent to a record US$28.2 billion at constant exchange rates. At variable rates of exchange, growth was 14 per cent.
The Review presents an overview of PwC’s progress since its formation ten years ago and analysis by PwC leaders of some of the major issues facing the accountancy profession and its clients.
For the first time at a global level, the Review also provides extensive details about PwC’s legal, network and governance structures, standards for risk and quality management, independence practices, partner remuneration policy, and learning and education programmes.
“PwC has emerged in the past ten years as the global leader in our profession, not only in size, but also in the talent of our people and the consistent quality of our client service,” said Samuel A. DiPiazza Jr, CEO of PricewaterhouseCoopers International. “In the coming year, it is especially important that we continue to help our clients achieve success in overcoming the challenges of the unsettled global economy.