PwC aims to float consulting arm
12 April 2012
ACCOUNTING giant PricewaterhouseCoopers is rushing to demerge its consulting arm ahead of a feared change in auditing rules which could seriously damage its investor appeal.
The announcement of an initial public offering of shares in the consulting division, valuing it at more than $5bn (£3.5bn), could come this week.
PwC partners are thought to be concerned that the Enron collapse could trigger a change in the rules in its biggest market, the US, restricting firms from carrying out consulting work for audit clients.
