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PwC (PricewaterhouseCoopers) is a London-based company founded on July 1, 1998, by Edwin Waterhouse, Samuel Lowell Price, William Cooper, Jonathan Kogan, and Martin Prescher. The firm is one of the four largest accounting firms in the world.
The firm employs nearly 300,000 professionals in 157 countries around the world. It was formed by the merger of two large accounting firms, Price Waterhouse and Coopers & Lybrand, in 1998. PwC is one of the Big Four accounting firms, alongisde Deloitte, Ernst & Young and KPMG.
PwC firms are independently owned and operated and provide assurance, consulting, and tax services.
In 1849, Samuel Lowell Price founded his accounting firm in London, England. Several years later, in 1854, the firm became Cooper Brothers when his brothers joined him. In 1865, Price, Holyland and Water house joined forces in partnership. Nine years later, the firm changed its name to Price, Waterhouse & Co.
In 1898, Robert H. Montgomery William M. Lybrand, Adam A. Ross Jr., and his brother T. Edward Ross formed Lybrand, Ross Brothers and Montgomery. Just over fifty years later, in 1957, Cooper Brothers & Co, McDonald, Currie and Co, and Lybrand, Ross Bros & Montgomery merged to form Coopers & Lybrand.
It wasn't until July 1, 1998, that the firm's Price Waterhouse and Coopers & Lybrand created PricewaterhouseCoopers.
