Preview

Pricewaterhousecoopers Swot Analysis

Better Essays
Open Document
Open Document
1617 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pricewaterhousecoopers Swot Analysis
The strengths of the firm come from its leading role in auditing services. As a leading company in total revenue and Asia Pac revenue, as well as audit offerings PricewaterhouseCoopers appears to be the most prestige company for clients (Butcher n.p.). It is the best place to start a career in audit sphere, so the company has an ability to hire the most prominent and talented graduates all around the globe. Employing the highly skilled labor resources the firm can set the high bar for its culture and values, which eventually attracts customers. As an international business with the high level of revenues, the company has access to knowledge and technology across the globe that allows the firm to diversify its client base and services. The evidences show that global firms have an opportunity to diversify its portfolio into industries of various countries (Mansor 50).
The opportunities to grow come from world globalization and constant change. In the prosperous economies, the number of entities is steadily increasing resulting in a growth of a market competition. The
…show more content…
As the global firm employs a lot of staff, it is quite hard to maintain high culture and values as well as implement new rules all around the globe in respect that the mistake of one member influences the reputation of the whole company. So the company is not flexible to the changing market circumstances. Middle-class businesses do not tend to use the global firms’ services as there are concerns about the amount of the attention paid to such clients (Ding 74). Also, the price for services of global companies is higher than for local ones. When entering the new markets, the brand recognition may be a problem. Another three auditing global firms are real competitors for PricewaterhouseCoopers especially in the sphere of working hours, career development and salary for their employees, and other than audit services (Butcher

You May Also Find These Documents Helpful

  • Better Essays

    State Farm Swot Analysis

    • 1636 Words
    • 7 Pages

    Largest personal lines insurer in the U.S. (through its property, life and health policies), State Farm covers about one in five households.…

    • 1636 Words
    • 7 Pages
    Better Essays
  • Good Essays

    In summary, whether a business is a domestic or international based the rules of the game have to be clearly defined. By not doing so, the success of any venture is doomed to fail and with good reason. Extensive knowledge of the field chosen to do business is fundamental and when disputes arise the parties involved have to know that their interests are being represented in an equitable manner. Good reputation and good business practices are good traits for businesses to ensure compliance with laws which can be local or international. It is imperative…

    • 356 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Costco SWOT Analysis

    • 1122 Words
    • 5 Pages

    Costco Wholesale Corporation Costco Wholesale Corporation - Financial and Strategic Analysis Review Publication Date: 27-Mar-2013 Reference Code: GDRT28577FSA Company Snapshot Company Overview Key Information Costco Wholesale Corporation (Costco) is membership warehouses chain operator. The company's product portfolio includes sundries, hardlines, food, softlines, fresh food and ancillary. It offers two types of memberships, namely, business and gold star to its customers. Costco operates gasoline stations in the US and Canada.…

    • 1122 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Usaa Swot Analysis

    • 1684 Words
    • 7 Pages

    The first organizational strength is the wide variety of member benefits available. No other financial institute in the field can offer the plethora of member perks that USAA offers. Benefits include free access to financial advisors (not paid on commission), reimbursement of ATM fees, youth banking, free checking and bill pay. Also very much worth noting is the Movers Advantage Program which matches you with a USAA approved Realtor and pays you to use them. Auto Circle program offers the lowest price guarantee at 3,000 USAA certified dealerships on new and used vehicles. USAA also has been known to offer the lowest…

    • 1684 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    The provisions of the Sarbanes-Oxley Act have limited a public company’s choice of auditors by placing a strong emphasis on maintaining independence between the auditor and the client. Before the Sarbanes-Oxley Act, accounting firms could provide auditing services as well as other services including consulting services to companies and still, in the eyes of the law, maintain independence. After some big scandals came out in the early 2000’s, including the Enron scandal, there was a strong push for more restrictions on the nonaudit services that auditors could provide to clients. The Sarbanes-Oxley Act put into place restrictions on these services and created the PCAOB which provided oversight on auditing services and has the job of making sure that independence is maintained in all cases. This is a change from the past where it was the auditors responsibility to make sure that independence is maintained between themselves and the client.…

    • 753 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    To begin, each public accounting firm has different characteristics and offer different services for each branch of service. First, the local accounting firms only have one or two offices which consist of only one CPA or a few CPAs as partners or the serving of clients in a single city or surrounding area. These firms do not offer much but do emphasize on income statements, consulting of clients, and accounting services. Auditing is only a small portion of the company and sometimes involves the concerns of other small businesses. Secondly, the regional public accounting firms are formed together by local firms, which allow them to open offices in different neighboring states and cities to increase the number of professional staff members. The growth of the merging of other local firms to form regional accounting firms is due to an increase in the amount of auditing services. Third, the national public accounting firms are the firms that have offices throughout some of the major cities in the U.S. National accounting firms can operate on an international level with their own offices or through affiliations with firms of other countries. Finally, the international public accounting firm stated in the new until the year of 1989. These firms went from 8 to the big four due to the merging and dissolution of (Arthur) Andersen LLP. In addition, they audit majority of all the largest American corporations. In despite of all the financial services offered; auditing represents a whole, if not all, share of the work. After the merging of all the firms, they are now called the Big 4 Firms which are made up of Deloitte & Touche LLP, Ernst & Young LLP, KPMG LLP, and PricewaterhouseCoopers LLP.…

    • 907 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    Hollate Company

    • 810 Words
    • 4 Pages

    The analyzed case study refers to the Hollate Manufacturing company, which belonged to the home construction industry since 1950s. The company operated in the United States and Canada with 14 divisions spread throughout the countries. Hollate’s performance was significantly better than its peers, resulting in $1 billion sales. The company maintained its growth over the years due to growth-through-acquisition strategy. However, the home construction industry suffered downturn in recent years. Hollate manufacturing faced a problem with audit as far as with personnel. Four suggestions are given along with answer to the question how to avoid alike situations.…

    • 810 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    However, as auditors worked on the same type of companies over and over again, they might lose their attitude of skepticism towards their clients because they get familiarized with them. The familiarity may post risks to the independence of the auditor. If an auditor is too familiar with a client, he or she may not deal with the client’s business with appropriate methods and therefore increasing the risk of internal control.…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There are many factors an organization must consider before and during the transition into a fully integrated global company. Although the transition may not be easy, evaluation of and planning for these considerations will enable an organization to evolve into a strong global organization. During this process of transition from a domestic company to a true global organization, some restructuring of the market functions will have to occur.…

    • 516 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Journal 11

    • 1107 Words
    • 5 Pages

    The Pricewater House affiliates in India failed to uncover the fact Satyam’s upper management was falsifying its financial stature and were accused of conducting insufficient audits thus releasing deficient audit reports. Because of Satyam’s international standings, their audit reports were to be congruent with PCAOB Standards. PW India failed to comply with the Standards however, and inaccurately maintained control of the audit process for cash, deposits, and account receivables. As soon as the former Satyam chairman came forward with details of the fraud, much of the blame was shouldered onto PW India due to their negligence in establishing quality control, and thus revealed glaring inefficiencies throughout the entire firm. In failing to follow the most basic of audit procedures, PW India was fined by the SEC $7.5 million. According to the NY Times, this is the largest American penalty ever given to a foreign…

    • 1107 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Arthur Andersen Llp

    • 1153 Words
    • 5 Pages

    The growing consultation business created high tension within Andersen’s firm employees. The firm’s consultants began noticing that their wages were less in relation to the market opportunities. They felt their contributions towards profit realization were more than the auditors’ contributions who even had better salaries than them. The auditing partners who were in the managing board of the organization resented that their consulting partners wanted higher profits and shares which they were not ready to address. As a result the consulting partners pulled out of the organization and formed their own consulting firms. This led to the creation of more consulting firms in America and it is the reason as why Andersen’s firm began declining due to increased competitions.…

    • 1153 Words
    • 5 Pages
    Good Essays
  • Better Essays

    State Farm Swot Analysis

    • 1849 Words
    • 8 Pages

    State Farm; know by their slogan as being a “good neighbor, and always "being there" was founded in 1922 by a retired insurance salesperson George Jacob. The mission of the company is to be the first and best choice in products and service. Started as a single line auto insurance company, State Farms now offers nearly 100 goods and services, in five different lines of business, to help their customers in their lives. The company handles approximately 35,000 claims per day, which show they are "there" for their consumers. The company has grown to the tune of 65,000 employees, with more than 18,000 agents that service around 82 million accounts. State Farm offers automobile, home, and life and health policies. Just like most companies State…

    • 1849 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Position the CPA as a preeminent designation of the accounting and finance profession throughout the world. CPAs must be increasingly aware of international business issues and trends. Staying current with global accounting enhances the quality of professionalism in which the CPA operates. By assessing the trends toward outsourcing overseas and create opportunities to expand services to serve these markets. CPAs must continue to market the quality and value of their services in order to expand and thrive globally. This also broadens the CPAs horizon in the global networking.…

    • 718 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    Waitrose Swot Analysis

    • 1964 Words
    • 8 Pages

    Waitrose started out as a small grocery shop in west London in 1904 by Wallace Waite, Arthur Rose and David Taylor. The John Lewis partnership acquired the business in 1937, opening the first Waitrose supermarket in 1955. There are now 280 branches, all dedicated to offering quality, value and customer service. Waitrose is now one of the country’s leading food retailers employing over 37,000 people.…

    • 1964 Words
    • 8 Pages
    Good Essays
  • Good Essays

    KPMG China has offices in Beijing, Shanghai and other 11 cities with over 9000 employees. As other offices, KPMG Shanghai office provides professional services of audit, tax and advisory for customers in various fields, including financial services, private equity, industrial markets, government and so on. During my internship, I was in an audit group. Our group’s job at that moment was to do an external mid-term audit for a real-estate company, namely to verify the company’s financial records and to give an expert opinion of its financial condition. It means that we have to study sources provided by the company to find out whether its records present its true financial situation. Most of time, we worked in our customer’s offices to check the company’s daily records of banks, creditors, brokers, etc., under the special KPMG Audit Methodology. After collecting the original data, we continued our work in our own office to analyze and prepare the final report. Another part of my job was to…

    • 6040 Words
    • 25 Pages
    Good Essays