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PwC global chairman Bob Moritz says no pressure to split the firm

 Michelle Quah
Published Thu, Dec 15, 2022 · 05:50 AM
    • PwC global chairman Bob Moritz believes a multidisciplinary model is essential to give employees the opportunity to grow.
    • PwC global chairman Bob Moritz believes a multidisciplinary model is essential to give employees the opportunity to grow. PHOTO: PWC

    BOB Moritz, global chairman of professional services firm PricewaterhouseCoopers (PwC), is big on listening.

    As he tells it, the strategic direction of the firm relies on “thousands” of conversations with clients and stakeholders around the world. Those conversations have lately led to several conclusions. One is that organisations must aim to build trust and deliver sustained outcomes. Another is that PwC does not need to split its assurance and consultancy operations.

    The year 2022 may, in time, be looked upon as a milestone for the audit and accounting industry. PwC’s rival EY announced moves to split its auditing and assurance services from its consulting services, creating two separate businesses, in what the firm has said is part of its strategy to thrive in a changing world.

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