PWC: PricewaterhouseCoopers L

However, it is reported that, “the largest CPA firms spent $1.08 billion, or 19.4 percent of their 1993 revenues from audit and accounting services on litigation costs and settlements.” [Whittington & Pany, 2000] I would expect that the major firms would learn from their mistakes in the 1970s and 1980s of being too lenient on their clients ... ................
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