November 1998 Issue


In what must be one of the most intensive retraining initiatives ever undertaken, PricewaterhouseCoopers has launched a 100-day program aimed at providing its over 60,000 assurance professionals with a common knowledge basis.

The focus of the program is PricewaterhouseCoopers' new audit approach, developed from the best practices of the two merged firms. It will train employees on PricewaterhouseCoopers' new Team Asset audit software, intended to increase audit efficiency and enable information sharing among colleagues throughout the world.

The speed and scope of the training is notable; in previous mergers between large firms, standardizing methodology has generally taken at least two years to accomplish. "Worldwide, we're investing about a million and a half hours of partner and staff time to this training," stated John Carter, human resources leader, "Clearly, it's a huge commitment to our clients and to our people, and it's one that promises to reap enormous returns for both." *

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