Pricewaterhouse Coopers Learns Its Fate After Oscars Fiasco

Pricewaterhouse Coopers Learns Its Fate After Oscars Fiasco
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For the first time in decades, more than two people will know the identity of the Academy Award winners in advance of the Oscars ceremony.

As a reaction to the fiasco in which the wrong envelope was given to presenter Warren Beatty at February’s Oscars, causing Beatty and Faye Dunaway to announce the wrong Best Picture winner, the Academy’s accounting firm of PwC has agreed to add a third balloting leader to its team and put additional safeguards in place.

In return, the Academy has agreed to retain the firm, which has been handling Oscars voting for the last 83 years. It also performs other accounting services for AMPAS.

“We’ve been unsparing in our assessment that the mistake made by representatives of the firm was unacceptable,” said Academy president Cheryl Boone Isaacs in an email to members on Wednesday, following a Board of Governors meeting on Tuesday night at which the PwC mistake was the main order of business.
 Source: The Wrap

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