Assignment
The 21st-century PwC is nothing like the small accounting practice that Samuel Lowell Price set up in London during the mid-19th century. Relying on the knowledge and experience of its global workforce, PwC offers a wide variety of auditing, accounting, and tax services. Its industry specialists also provide expert advice and guidance to banks, law firms, retailers, hospitals, energy firms, travel companies, and many other types of companies, as well as educational institutions, government agencies, and nonprofit groups. PwC has some very glamorous clients, although its role is behind the scenes rather than on the red carpet. For example, PwC collects and counts the votes for the Academy Awards. Thanks to the firm's extreme measures to ensure secrecy, nobody knows who won until the famous presenters step into the spotlight and make their announcements to the world.
Questions
1. When an accounting firm like PwC has been hired to examine and sign off on a public corporation's annual report, should it limit its consulting work to avoid being influenced by financial ties to the client? Explain your answer.
2. Why would the Academy of Motion Picture Arts and Sciences hire PwC instead of having its own employees count votes for the Academy Awards?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.