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Epic public error by PWC...

If you didn't hear, PWC goofed big time on one of the most watched TV shows of any given year, the Oscars.

From CNN's report:
"Faye Dunaway and Warren Beatty -- on hand to celebrate the 50th anniversary of "Bonnie and Clyde" -- presented the nominees for best picture. On stage, Beatty was given the task of opening the envelop that was supposed to contain the winner. (Later, Beatty would say it contained the name of a winner, but not the winner.)
On stage, Beatty looked at the card and said, "And the Academy Award..."
The crowd laughed, assuming he was building suspense.
He looked down at the card again and then looked at Dunaway.
"...for best picture..."
Dunaway playfully told Beatty, "You're impossible." She assumed he was joking around.
"Come on," she prompted him.
He showed her the card, and Dunaway read it aloud.
"'La La Land,'" she said."

As you know now, it wasn't.

What type of damage did this do to:

  • PWC?
  • The accounting profession?
  • The Oscars?
  • Answers

    EMERSON GALFO
    Title: CFO
    Company: C-Suite Services
    LinkedIn Profile
    (CFO, C-Suite Services) |

    Steve Harvey had a sigh of relief!

    Jason M. Jones LPA
    Title: Deputy Treasurer - Staff Accountant
    Company: Franklin County Treasurer
    (Deputy Treasurer - Staff Accountant, Franklin County Treasurer) |

    Dangit Emerson, you beat me to it!

    Richard Baikie
    Title: Director of Finance
    Company: Super King Markets
    (Director of Finance, Super King Markets) |

    One thing that I have noticed in talking to people - many aren't blaming the accounting firm. I guess they don't think about the fact that the firm was the custodian of the envelopes up until they were handed to the presenters.
    Its kind of like the issue at the Grammys with Metallica and the mic not working - somebody screwed up, but nobody is reallt examining the failure.

    Topic Expert
    Wayne Spivak
    Title: President & CFO
    Company: SBAConsulting.com
    LinkedIn Profile
    (President & CFO, SBAConsulting.com) |

    Read an article that basically says PWC is going to a Board Meeting of the Academy to beg not to be fired after 83 years.

    The farther reaching question is this a one-error or is quality control not an issue at PWC?

    Every time a major gaff (and there are major investigations around the world with the Big four) occurs I think Enron and the attitudes of Arthur Anderson.

    Sort of like the major banks/insurance companies; too big to fail, we make the rules....

    Len Green
    Title: Performance Improvement Consultant and E..
    Company: Haygarth Consulting LLC
    LinkedIn Profile
    (Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

    There's a great article at https://www.linkedin.com/pulse/academy-right-dump-oscargate-pwc-accountants-steve-blakeman

    I like his comment on the 4 irrational reasons that are used in the blame game. A company that likes to blame its people won't find risk takers staying for long.

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