Business

Oscars error won’t cost accounting firm PwC its job

BY CARA BUCKLEY

New York Times
“La La Land” producer Jordan Horowitz, left, presenter Warren Beatty, center, and host Jimmy Kimmel right, look at an envelope announcing “Moonlight” as best picture at the Oscars on Feb. 26 at the Dolby Theatre in Los Angeles. It was originally announced mistakenly that “La La Land” was the winner.
“La La Land” producer Jordan Horowitz, left, presenter Warren Beatty, center, and host Jimmy Kimmel right, look at an envelope announcing “Moonlight” as best picture at the Oscars on Feb. 26 at the Dolby Theatre in Los Angeles. It was originally announced mistakenly that “La La Land” was the winner. Chris Pizzello Invision/AP

The spectacular best picture mix-up at this year’s Oscars was a humiliating moment for the Academy of Motion Picture Arts and Sciences, the presenters Warren Beatty and Faye Dunaway, and especially the accounting firm PwC — but it will not cost the firm its prized client.

In a letter to academy members on Wednesday, the group’s president, Cheryl Boone Isaacs, said the organization’s board of governors had decided to continue working with PwC despite being, she wrote, “unsparing in our assessment that the mistake made by representatives of the firm was unacceptable.”

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This story was originally published March 29, 2017 at 7:17 PM with the headline "Oscars error won’t cost accounting firm PwC its job."

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