Danny McCance 30 Mar 2017 12:18pm

PwC hangs on to Oscars contract

The Big Four firm has retained its lucrative contract with the Oscars despite its best picture blunder

PwC was forced to issue an apology after its partners handed the wrong envelope to presenters of the night’s biggest prize at the 89th Academy Awards, leading to one of the most dramatic Oscars mix-ups in history.

The snafu made global headlines for days and the two PwC accountants responsible, Brian Cullinan and Martha L Ruiz, were banned from working at the awards again.

PwC has today confirmed, however, that the 83-year relationship between the firm and the Academy will continue.

The New York Times has published a letter sent from Cheryl Boone Isaacs, president of the Academy, stating that the organisation has been “unsparing in our assessment that the mistake made by representatives of the firm was unacceptable,” in regards to the month-long review of the relationship between the two organisations.

Although the contract between the pair will continue, the Academy will implement new protocols to avoid another incident. One new protocol is to introduce a third “balloting leader” to the Oscars team. 

This individual will work alongside the two new accountants that will replace Brian Cullinan and Martha L Ruiz, the accountants in place during the recent incident, who as a consequence of their mistakes have since lost their positions as balloting co-leaders.

"After a thorough review, including an extensive presentation of revised protocols and ambitious controls, the board has decided to continue working with PwC." Boone Isaacs wrote.

Other protocols to be put in place include rehearsals prior to any future event and increased oversight from the PwC US chairman, the New York Times stated.