PricewaterhouseCoopers (PwC) Barbados is part of a worldwide chain of accountants and one of the largest such firms in the world. In the past the big accounting firms were treated like gods. Their word meant everything – but then the big accounting firms started using their reputations for shady deals.
For a while they got away with it – then came 9/11, Enron and a host of other shameful revelations that exposed the unethical actions of the big firms. Remember Arthur Andersen… Enron’s accounting firm?
Remember the collapse of Bank of Credit and Commerce International? Pricewaterhouse facilitated that 20 Billion dollar fraud and they paid heavily in money and a sullied reputation.
Did PriceWaterhouse learn their lesson?
And what about PwC Barbados? Are they an isolated case in the larger chain… perhaps with a reputation intact?
Keltruth Blog has the whole nasty story here.
Or… you can just Google “Pricewaterhouse scandals” and see what comes up!