What is pwc
Last updated: April 1, 2026
Key Facts
- PwC is one of the Big Four accounting firms alongside Deloitte, EY, and KPMG
- Founded in 1998 through the merger of Price Waterhouse and Coopers & Lybrand
- PwC operates in over 150 countries with more than 300,000 employees globally
- The firm provides services in audit, tax, consulting, and advisory services
- PwC's headquarters is in London, United Kingdom
Overview
PwC (PricewaterhouseCoopers) is one of the world's leading professional services networks. The firm is renowned for providing comprehensive business solutions across audit, tax, consulting, and advisory services to organizations of all sizes, from startups to Fortune 500 companies.
History and Formation
PwC was established in 1998 through the merger of two historic accounting firms: Price Waterhouse and Coopers & Lybrand. This merger created one of the most influential professional services organizations in the world. The combined firm brought together decades of expertise and client relationships from both predecessor organizations.
Services Offered
PwC provides a wide range of professional services including:
- Audit Services: Financial statement audits, internal audits, and regulatory compliance
- Tax Services: Corporate tax planning, international tax services, and tax compliance
- Consulting: Business transformation, management consulting, and technology services
- Advisory Services: Risk management, forensics, and deal advisory
Global Presence
With operations in over 150 countries and territories, PwC maintains a truly global presence. The firm employs more than 300,000 professionals worldwide, making it one of the largest employers in the professional services industry. This extensive network allows PwC to serve multinational clients across virtually every industry and geography.
The Big Four
PwC is one of the Big Four accounting firms, along with Deloitte, EY (Ernst & Young), and KPMG. These four firms dominate the global professional services market and are responsible for auditing the vast majority of publicly traded companies worldwide.
Related Questions
What is the difference between PwC and KPMG?
Both are Big Four accounting firms offering similar services, but they differ in geographic strengths, client bases, and specific service emphases. PwC is stronger in certain consulting areas while KPMG focuses heavily on audit services.
How much does PwC charge for services?
PwC's pricing varies significantly based on the scope of work, client size, and complexity. Projects typically range from thousands to millions of dollars, and pricing is usually determined through consultation and proposals.
What does PwC stand for?
PwC stands for PricewaterhouseCoopers, formed from the merger of Price Waterhouse and Coopers & Lybrand in 1998.
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Sources
- PwC Official Website Company
- Wikipedia - PricewaterhouseCoopers CC-BY-SA-4.0