It’s official: Accounting firm PricewaterhouseCoopers isn’t getting the boot after the biggest flub in Oscars history.
Academy of Motion Picture Arts and Sciences president Cheryl Boone Isaacs confirms the Academy’s Board of Governors has decided to retain the services of PwC, following a meeting Tuesday night.
“After a thorough review, including an extensive presentation of revised protocols and ambitious controls, the Board has decided to continue working with PwC,” Isaacs wrote Wednesday in a letter to Academy members.
She adds that after 84 years working with the accountants, “we’ve been unsparing in our assessment that the mistake made by representatives of the firm was unacceptable.”
Backstage at the Oscars on Feb. 26, longtime PwC accountant Brian Cullinan gave the wrong envelope to presenters Warren Beatty and Faye Dunaway, causing the two actors to announce La La Land as best picture. In actuality, Moonlight won the top prize.
The fiasco caused major confusion onstage, and became a black eye for the Academy and PwC in following weeks.
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SOURCE: USA Today, Andrea Mandell