Accounting for success : [electronic resource] a history of Price Waterhouse in America, 1890-1990 / David Grayson Allen, Kathleen McDermott.

Includes bibliographical references (p. 299-357) and index.

List of Exhibits -- Pt. I. Establishment and Americanization. Ch. 1. British Parentage, 1850-1901. Development of the Accounting Profession. PW in Britain. British Investment in the United States. The American Agency. Jones, Caesar & Co. A New Century. Ch. 2. The Americanization of the Practice, 1901-1926. The Dickinson Decade. From Dickinson to May -- Pt. II. Regulated Equilibrium. Ch. 3. Coming of Age, 1926-1946. The Audit Practice in the 1920s. The Depression Years. Leadership in Transition. New Directions and Wartime Developments. Interlude: PW During the War. Ch. 4. A Golden Age, 1946-1961. The Postwar Boom. Ch. 5. The Challenge of Growth, 1961-1969. The "Go-Go" Years. The Computer Comes of Age. Herman Bevis and Administrative Reform. Staffing the Tax Department. MAS Makes Its Way. Auditing and Accounting. The Debate Over Growth. The Demise of the APB -- Pt. III. Challenge and Redirection. Ch. 6. A Turbulent Era, 1969-1978. John Biegler and Democratic Reform. The Profession on the Defensive. Defining New Roles. Organized Responses. Escalating Rivalry. PW'S Strategic Response. Three Practices in Transition. Adjustments to a World of Diversity. Ch. 7. New Directions, 1978-1988. Restructuring at the Top. The Breakdown of Traditional Practice. The Professional Environment. The Firm in a Shrinking World. Summing Up. Ch. 8. Beginning a Second Hundred Years. Reflections on the First Century -- Appendix: Price Waterhouse U.S. Firm Partners and Principals, 1895-1992.

While histories of companies abound, little has been written on America's professional service partnerships such as those in the accounting or legal fields. Now in Accounting for Success, Allen and McDermott help close the gap with an absorbing account of the century-old distinguished accounting firm of Price Waterhouse (PW). Written in a crisp and engaging style, this book traces PW's rise to leadership through three distinct periods. The first period (1890 to.

mid-1920s) encompasses the growth of the firm from a one-man outpost for a British parent to a successful, Americanized partnership in its own right. These years mark the beginning of PW's trademark relationships with blue chip clients as well as the formation of some of the firm's most distinctive characteristics: its decentralized structure, dispersed offices, autonomous partners, and generalist orientation. With the coming of the securities laws of 1933 and 1934, the.

reader witnesses the dawning PW's golden second period which continues through the next forty years as the firm dominates in its role of auditor to America's largest corporations. The market upheavals of the 1970s usher in PW's third and current period - a time in which the firm, like much of American business, finds itself having to adapt and change in the face of a globalized economy, heightened competition among firms, and an explosion of information technology and.

nonaudit services. Throughout Waterhouse's illustrious past century, six central themes recur that offer valuable perspectives for those looking toward the future, the impact of the "professionally autonomous partner" on the firm's strategic outlook, the significant role that the law and litigation play in shaping the profession's rights and responsibilities, the changing nature of accounting, the shifting markets for professional services, the highly visible public face.

of the firm's leadership and PW's worldwide approach to its business.