PwC audit clears Facebook despite Cambridge Analytica leaks

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PwC audit clears Facebook despite Cambridge Analytica leaks

A PwC audit of Facebook's privacy practices for the US Federal Trade Commission (FTC) found no problems even though the social media company knew at the time that a data-mining firm improperly obtained private data from millions of users – raising questions about the usefulness of such audits.
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Pivotal Software Expects Continued Boost From Dell, VMware Post-IPO

Pivotal Software Inc. Chief Executive Officer Robert Mee said his company will continue to benefit from its relationship to Dell Technologies Inc. after its initial public offering Friday. Pivotal was once part of a joint venture with EMC Corp., VMware Inc. and General Electric Co., becoming part of Dell after
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China's Haven Moment Is Here

A day earlier, Beijing reported slowing nominal GDP, which, according to Bloomberg economists Tom Orlik and Fielding Chen, is a warning the industrial reflation cycle that drove corporate profits higher is fading. A reserve cut signals to the world that China isn't abandoning global growth at a time
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Accounting News Roundup: PwC Gave Facebook Privacy Protections the 'All Clear' | 04.20.18

Audit Approved of Facebook Policies, Even After Cambridge Analytica Leak [NYT] That audit was performed by none other than PwC, and the firm submitted it to the Federal Trade Commission in early 2017. The report, like most audits performed by Big 4 firms, found the Facebook's privacy protections
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Aspiring accountant aims for career working with veterans

BOONE, N.C. — For junior Rachel Foutz, accounting runs in the family. Foutz, who is from Boone, joked that her work and ethical values were secretly instilled in her by her parents, who are both certified public accountants. While at Appalachian State University, she has found her passion is helping
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