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PricewaterhouseCoopers Records US$14.7 Billion Global Net Revenue For Fiscal 2003.

Publication: PR Newswire
Publication Date: 18-NOV-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, November 18 /PRNewswire/ -- - Publishes 2003 Global Annual Review

PricewaterhouseCoopers announced today that aggregated net revenues of PricewaterhouseCoopers firms for fiscal year 2003 were US$14.7 billion (compared to US$13.8 billion in fiscal year 2002). With reimbursed client expenses included, aggregated gross revenues totaled US$16 billion.

"Given the sluggish global economy, continued weakness in global capital markets and substantial regulatory changes in 2002-2003, we are pleased that our revenue figures held up so well," said Samuel A. DiPiazza, Jr., CEO of PricewaterhouseCoopers International Limited. "While Sarbanes-Oxley and other regulatory developments did lead to increases in audit fees as the scope of audit work expanded, these increases were largely offset by reductions in non-...

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