Friday 20 April 2018

TH€ PUNT: PwC pushes boat out for advisers

The Punt surmises that there are plenty of names that might be used to describe a group of advisers, but not all of them would probably be kind.

We'll stick with a 'circulus' of advisers for now, perhaps. At any rate, there are 500 of them from Pricewaterhouse-Coopers in Dublin this week.

They're attending PwC's annual learning and development programme (Advisory University, it's labelled) for its advisory practice, and the delegates have flown in from around Europe and elsewhere.

Over 30 courses are held over five days and there's a large networking event being held at the Guinness Storehouse.

Among the courses the delegates are attending is one on forensics – of the accounting type, one imagines – and advanced financial restructuring, both of which would be useful in relation to the Irish banks.

Luckily for PwC, it was auditor to Bank of Ireland, which has emerged as the only real domestic bank with a credible outlook.

It's been a big earner for PwC, which between 2000 and 2009 received just over €100m in fees from the bank.

Last year, it was paid €7.1m by Bank of Ireland, down from the €8.7m it received in 2011.

Still, The Punt is sure that such a minor bothersome detail won't prevent PwC from pushing the boat out this week.

Irish Independent

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