PwC Restructures for Future of Bots, Post-Covid Advisory Boom

Big Four accounting firm PwC LLP’s announcement that it will package its tax prep and audit services together under a single umbrella represents a sign of a seismic shift in how accounting firms are managed.

“It’s a breakthrough that’s about 150 years in the making,” said Allan Koltin, a consultant to accounting and law firms on how to manage their businesses. “It’s groundbreaking. I wouldn’t be surprised to see every major firm in the country, every global firm move to a structure that resembles this.”

Koltin called the move a long-overdue acknowledgment that accounting firms provide just two types ...