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PWC - Question re shares and pre-employment checks

If I accept an offer with PWC I take it I will have to sell on my shares I have for any company that they audit (I have a small amount of Tesco shares)?

Secondly, regarding academic checks would they just contact insitutions like the SQA and my university directly or am I likely to need to send in copies of my academic certificates?

Reply 1

Harrison88

DarthVader

If I accept an offer with PWC I take it I will have to sell on my shares I have for any company that they audit (I have a small amount of Tesco shares)?

Secondly, regarding academic checks would they just contact insitutions like the SQA and my university directly or am I likely to need to send in copies of my academic certificates?

1. Yes. Check their list of restricted companies.
2. You'll probably need to bring copies of the certificates with you on your first day.

Reply 2

DarthVader

OP

Cheers.

Reply 3

mikeyT

2

They use Forensic Services to check your qualifications etc once you have accepted your offer. If there are any discrepancies then PwC will contact you to act on it.

Reply 4

DarthVader

OP

Good stuff. There aren't any discrepancies - I was just merely curious whether I'd have to send my certificates off, whether I'd show them on the first day or whether they'd simply be able to contact the likes of the SQA directly saving me the hassle.

Reply 5

choco12345

did pwc call any of your references? i asked my ex-emplyers and they didnt get a call at all!

Reply 6

DarthVader

OP

Well I just got the offer in the post yesterday. They said their checks might include speaking to managers, colleagues and other such people at my current/previous employer. Whilst it worries me a bit (why I don't know because I've only had the one job for the most of uni so they'll only need to call the one place in that respect) it should be fine because I openly talked of my previous part-time job (including it's faults) and my employment reference is for someone there who I know will give me a great reference if it comes to that. It also turned out pwc currently audits my previous workplace and the partner seemed to have some prior knowledge of where I previously worked. She ended up asking me about my opinions on auditor independence given that I had previously worked there and that particular job I applied for may involve audit work there over the next few years (until Audit Scotland rotate the public sector auditors once more).

Reply 7

Bwilson803

You wouldn't have to sell your shares. The only reason you would have to sell your shares is if you were to be put onto the audit team for Tesco. All you need to do is disclose that you have the shares on the independence questionnaire that you'll have to fill in (should be in your welcome pack as one of the many things to complete) and PwC will note it in your records.

Reply 8

Harrison88

Bwilson803

You wouldn't have to sell your shares. The only reason you would have to sell your shares is if you were to be put onto the audit team for Tesco. All you need to do is disclose that you have the shares on the independence questionnaire that you'll have to fill in (should be in your welcome pack as one of the many things to complete) and PwC will note it in your records.

Well to be safe I'd email their independence and ethics department and ask them directly. Should be one of the forms you need to accept before joining.

Sent my KPMG ethics and independence form off today.

Reply 9

DarthVader

OP

Yep I put the relevant details of the shares down on the independence questionnaire.

I'd kind of prefer not to sell them at the moment anyway given how much they've dropped in value since the credit crunch.

Reply 10

Bwilson803

That's all you need to do .. i work for PwC and had to fill in the same form letting them know who I had bank accounts, etc with (because I work within Financial Services) and that's all you need to do at our level. You only have to start selling any shares for companies which we audit when you get to Director/Partner Level .. as independence rules become a lot stricter at those levels.

Reply 11

Raiden_2007

I have found an unintentional mistake on my application form regarding employment date ( selected 2007 instead of 2006). Although thats not a place I am using as refereence however, I have to provide details of that experience coz that experience relates to the international office of this firm. Should I let the firm know or wait for them to discover. 'Coz it is quite apparant from my application that it was an unintensional mistake. How far this could go? Verifile is doing the background information checking process on behalf of the firm.

Reply 12

Rachel1188

If you're worried you may as well tell them you've made a mistake. I made a similar mistake on my form so I phoned the recruitment officer (James Davidson in my case) and he told me to put it in an email to him and it wasn't a problem. Which office have you applied to? I assume you've got the contact details, but if not, I've got the emails/phone numbers for the recruitment officers somewhere. Let me know if you need it and I can PM you. :smile:

Reply 13

Raiden_2007

I have already been made an offer. I spotted the mistake after I was made an offer.

Reply 14

Raiden_2007

However, if they look at the years this becomes quite apparant that I was in UK by that time and the experience relates to other country. I did an intern of 3 months. Everyhting is fine but the year.

Reply 15

t_ucd

Have you filled in and sent back all the forms yet that come with the offer? If not, I'd say attach a note to the one where you list 3 past jobs. If you've already sent it back, give the graduate recruitment line a call.

Reply 16

Rachel1188

Raiden_2007

I have already been made an offer. I spotted the mistake after I was made an offer.

And?

Like I said, the same thing happened to me and I phoned the graduate recruitment officer and he said to put it in an email to him. When the checks flag up the discrepancy they've got it on record that you've told them of the mistake. So like I said if you need any contact details (e.g. email) let me know.

Reply 17

Raiden_2007

did you spot the mistake after you were made an offer? if it were before I would not care..now I am afraid that because of this whether my offer is gonna be withdrawn or not...completely unintensional mistake

Reply 18

Rachel1188

I spotted it after the offer, yes. I was about to sign the form saying all the info on my application was correct, so I thought I'd better check it again, and that was when I spotted an error.

They're not going to withdraw the offer because of an honest mistake. Seriously just phone/email them. It'll put your mind at rest. Your mistake doesn't even seem as serious as mine. I put the wrong exam result down for one of my first year university modules!! Whoops! But I came clean and explained the mistake and it wasn't a problem. I think if you can tell them about the mistake before they find it then that's probably best.

Reply 19

RobbieC

15

I also made a mistake... accidentally got a modular result wrong, and also a GCSE grade wrong (in each time by a single grade). I'll tell them if and when they offer me a position, before I am vetted.

PWC - Question re shares and pre-employment checks

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