PwC exits more than a dozen countries in push to avoid scandals

PwC shuts operations in nine African countries

PwC shut operations in nine sub-Saharan African countries last month following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals.

PwC Scales Back African Presence

There’s no place like home for the Big Four accounting firms. After deeming the markets either too small, risky, or unprofitable, PricewaterhouseCoopers last month severed ties with member firms in more than a dozen sub-Saharan African nations, according to a Financial Times report. It’s just the latest sign of the Big Four accounting firms’ growing skepticism toward maintaining a global presence. Out of Africa Maintaining a sterling reputation …

PWC exits nine African countries

PwC shut operations in nine Sub-Saharan African countries last month following a strategic review, the Big Four accounting firm said, in response to a media report that said the company exited over a dozen countries to avoid scandals. PwC, which operates as a global network of locally owned...

PwC shuts down operations in more than a dozen countries: Report

The decision was taken due to mounting differences with local partners. Local leaders at the firm said they lost over a third of their business in recent years after pressure from PwC's global executives to drop risky clients.

Accounting giant PwC reported exiting many countries to avoid scandals

BENGALARU, India - Giant global accounting firm PwC has shut down operations in more than a dozen countries deemed too small, risky or unprofitable as it manoeuvres to prevent repeats of scandals that have affected it, the Financial Times reported on Wednesday.

PwC exits more than a dozen countries to avoid scandals: report

Local leaders at the firm said they lost over a third of their business in recent years after pressure from PwC's global executives to drop risky clients, according to the report