PwC Clients More Likely to Revise Financial Statements

The Big Four audit firm has had a streak of accounting problems surface recently at U.S. companies it audits, including an uptick in high-profile restatements.

Its clients account for three of the five biggest restatements so far this year, measured by cumulative impact on net income, according to a Wall Street Journal analysis of data...

Source: News Formal (newsformal.com)

We need a Long / Short fund, long E&Y clients, short PwC clients. Might be some interesting results given the last few years of issues at PwC.

Good example of how to use data to write the article you want to write. If you look at any other 2-yr window over the past 5 yrs, either EY or Deloitte had most restatements. Here's what of restatements look like if you base your article on the last 5 yrs vs the last 1.9:

GoodBoy10204293 👆May be of interest.

BuT LeTs gIvE thEm MoRe DiscREtiOn! SEC_Enforcement

It’s not just $TSLAQ. They have systemic problems throughout their audit function. 2017 PCAOB report found it in their working papers with an amazing 40% error rate. There always is a Big 4 bull market winner in a race to the bottom. Looks like PwC this cycle.

CGrantWSJ Incredible that they are taking so much risk to protect Musk’s fraud. Have learnt nothing from what happened to AA... ?

PwC is supporting the most massive fraud in history $TSLA tesla accounting securities fraud corrupt criminal enron

PWC is responsible for auditing the $tsla $tslaq 10k - enough said...

$1B AR....no one has a legitimate answer. Selling your soul again PwCUS ?!

Must break up that corrupt oligopoly

Fraud

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