Price Waterhouse Samuel Lowell Price, an accountant, started his practice in London in 1849.[9] In 1865 Price went into partnership with William Hopkins Holyland and Edwin Waterhouse. Holyland left shortly after to work alone in accountancy and the firm was known from 1874 as Price, Waterhouse & Co.[9] (The comma was dropped from the name much later.) The original partnership agreement, signed by Price, Holyland and Waterhouse could be found in Southwark Towers, one of PwC's important legacy offices (now under demolition) in London. By the late nineteenth century, Price Waterhouse had gained significant recognition as an accounting firm. As a result of trade between the United Kingdom and the United States of America, Price Waterhouse opened an office in New York in 1890,[9] and the American firm itself soon expanded rapidly. The original British firm opened an office in Liverpool in 1904[9] and then elsewhere in the United Kingdom and countries abroad, each time establishing a separate partnership in each country: the worldwide practice of PW was therefore a federation of collaborating firms that had grown organically rather than being the result of an international merger.[9] In a further effort to take advantage of economies of scale, PW and Arthur Andersen had discussed a merger in 1989[10] but the negotiations failed mainly because of conflicts of interest such as Andersen's strong commercial links with IBM and PW's audit of IBM. In March 2002, Arthur Anderson,LLP affiliates in Hong Kong and China completed talks to join PriceWaterhouseCoopers, China.[11]
Coopers & Lybrand In 1854 William Cooper established his own practice in London, which became Cooper Brothers seven years later when his three brothers joined.[1] In the USA in 1898, Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross formed Lybrand, Ross Brothers and Montgomery.[1] Coopers & Lybrand is the result of a merger in 1957 between Cooper Brothers & Co; Lybrand, Ross Bros & Montgomery and a Canadian firm McDonald, Currie and Co.[1] In 1990 in certain countries including the UK Coopers & Lybrand merged with Deloitte Haskins & Sells to become Coopers & Lybrand Deloitte,[1] in 1992 renamed Coopers & Lybrand.[12]
The merger In 1998, Price Waterhouse merged with Coopers & Lybrand to form PricewaterhouseCoopers (written with a lowercase 'w') in an attempt to gain a scale that would put the new firm in a different league.[13]
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发表于 2010-11-17 22:20:05
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