4 ms·
They also clean up Enron type companies. It's very different from just doing annual accounts for small businesses! Big 4 Forensic Accountants: - Investigate f
by notauser 12y ago
They also clean up Enron type companies. It's very different from just doing annual accounts for small businesses!
Big 4 Forensic Accountants:
- Investigate fraud.
- Quantify accidental or deliberate changes in company valuations between agreeing a sale price and the new owner getting control.
- Estimate the cost to complete engineering projects.
- Identify the value of shares and other assets owned by bankrupt banks in the absence of proper records.
And many other things, usually in a completely different domain every 4-8 weeks as their client changes.
One example is this report on electronic monitoring:
http://www.nao.org.uk/report/the-ministry-of-justices-electronic-monitoring-contracts/# http://www.nao.org.uk/report/the-ministry-of-justices-electr...
"The Department believes that both providers charged for work that had not taken place, in a way that was outside what was set out in the contracts for the electronic monitoring of offenders. PwC’s estimate is that the potential overcharge by both providers in total may amount to tens of millions of pounds."