The international partnership of PricewaterhouseCoopers is the largest accounting and business consultancy firm in the world. With approximately 140,000 employees in 150 countries in 1999, the company offers auditing services, tax and legal advice, financial advice, business process outsourcing, and management consulting services. The partnership was created in 1998 from the merger of two Big Six accounting firms: Price Waterhouseand Coopers & Lybrand. Below are some key milestones in the history of both firms: 1849 - Samuel Lowell Price sets up in business in London. 1854 - William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers. 1865 - Price, Holyland and Waterhouse join forces in partnership. 1874 - Partners change name to Price, Waterhouse & Co. 1898 - Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery. 1957 - Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand. 1982 - Price Waterhouse World Firm forms. 1990 - Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world. 1998 - Price Waterhouse and Coopers & Lybrand merge to create PricewaterhouseCoopers. 2002 - PricewaterhouseCoopers' partners approve sale of PricewaterhouseCoopers Consulting to IBM. 2004 - PricewaterhouseCoopers implements the Connected Thinking methodology. 2010 - PricewaterhouseCoopers formally shortens its brand name to PwC but legally remains PricewaterhouseCoopers. Financial Evolution for the last years, data analysis: 2016: This really has been an eventful year for the organization. They have invested heavily in the quality of the audits, they have seen further transformation in the tax profession and PWC have completed the acquisition of Everett and the integration of Strategy&. This Annual Report and the Assurance practice's Transparency Report provide you with an insight into these developments. But, in addition to this, they believe it's also important to look at what is happening in the world. Perhaps the most notable of these developments are the Ukraine referendum and the Brexit vote. Across the spectrum of society, it seems that a majority is converging into some form of dissent. They see widespread dissatisfaction with politics, business, society and with the prevailing establishment in general - and this in some of the wealthiest countries in the world with the best healthcare systems and pension arrangements out there. In these countries, at the same time, PWC sees more supervisory bodies than ever before and with increasingly transparent political discussions and corporate and institutional reporting.
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