Comments on: PwC Wage and Hour Class Action – FYI

By: re: The Auditors » Blog Archive » McKenna Visits North Carolina State University – UpDate With Text of Speech and Other Info

Sun, 23 Oct 2011 23:02:01 +0000

[...] It’s no wonder that when the firms started cutting staff during the general economic slowdown, when Sarbanes-Oxley work slowed and then the financial crisis hit, accountants starting careers in the new millennium had to squint to see the light at the end of the tunnel. [...]

By: re: The Auditors » Blog Archive » PricewaterhouseCoopers Headed For A Trial In California Overtime Case

Fri, 17 Jun 2011 18:51:52 +0000

[...] June of 2008, I wrote about it again: Take a look at this response to one of the most important points of fact in the complaint and tell [...]

By: re: The Auditors » Blog Archive » Big 4 Overtime – An Update From Canada

Fri, 17 Jun 2011 02:10:14 +0000

[...] have written about the Big 4 overtime lawsuits extensively. My fellow blogger, Krupo at A Counting School, has followed the cases in Canada [...]

By: re: The Auditors » Blog Archive » McKenna at American Accounting Assn. Public Interest Conference

Mon, 18 Apr 2011 13:41:09 +0000

[...] It’s no wonder that with the increase in layoffs and cutbacks at the audit firms during the general economic slowdown, when Sarbanes-Oxley work slowed and the financial crisis hit, accountants starting careers in the new millennium have to squint to see the light at the end of the tunnel. [...]

By: Auditors Want Overtime: California Lawsuit Against PwC Could Change Model - Francine McKenna - Accounting Watchdog - Forbes

Fri, 18 Feb 2011 17:22:49 +0000

By: re: The Auditors » Blog Archive » PricewaterhouseCoopers Case Is A Game Changer

Fri, 20 Mar 2009 18:21:33 +0000

[...] I’ve mentioned it before. [...]

By: Anonymous

Anonymous — Fri, 26 Dec 2008 13:30:00 +0000

PwC absolutely does this – you hear it over and over from any unlicensed accountant (ie – someone working towards their CA here in Canada).. My cousin figured that she was working for about $2/hr, she finally quit.

You cannot make your employees work that hard without sufficient pay and without treating them with any sort of respect. Accountants fully expect to work overtime, but they deserve AT LEAST minimum wage to do so. $2/hr is ridiculous.

By: Anonymous

Anonymous — Tue, 21 Oct 2008 01:25:00 +0000

Of the big four accounting firms in California, it looks like PricewaterhouseCoopers (PwC) will be the first to go to trial in March 2009 regarding unpaid overtime: http://www.kcrlegal.com/news/PwC-wage-and-hour-lawsuit.asp

By: Anonymous

Anonymous — Mon, 08 Sep 2008 09:11:00 +0000

What is the current status of the pending overtime lawsuits against the various big 4 accounting firms in Canada? Anyone?

As for pending big 4 overtime lawsuits in the State of California, the plaintiffs in Deloitte & Touche (www.dtlawsuit.com) have filed papers seeking class action certification. In other words, DT may be next in line after PwC to have a class action certified in an unpaid overtime lawsuit. In addition to PwC and D&T, Ernst & Young (E&Y) is also facing an unpaid overtime lawsuit in California (see http://www.eylawsuit.com as well as http://www.big4lawsuit.com).

By: Francine McKenna

Francine McKenna — Tue, 12 Aug 2008 15:06:00 +0000

@anonymous Yes, they may ask you to input your credentials, somewhere. But is anyone looking at that? Do they follow-up when someone has not paid dues or kept up license? Are they quick on warning you about CPE requirements? Do they have a good way to make sure anyone working in particular place has a valid license to work there?

The problem is that auditors travel and get assigned to clients outside their original licensing state. Partners are often responsible for clients with HQ outside their original licensing state. How many of your colleagues are licensed in more than one state? Do they have to be? Is any one managing this process.

Does the PCAOB care? Is anyone checking this when they inspect the firms? Would we ever know, since this part of the report is private?