PwC to provide accounting for Beijing Olympics...

Accounting services for the Beijing Olympics are to be supplied by the Big 4 firm PricewaterhouseCoopers (PwC), it has been announced. Read original article

The Beijing Olympics, China's Paralympics and the Chinese Olympic Committee will have their budgeting, internal control and financial planning carried out by PwC Zhong Tian CPAs.

PwC will also provide accounting services for China's delegation of athletes.

PwC executive chairman and senior partner of China and Hong Kong Silas Yang said: "Being named as the accounting services supplier for the Beijing 2008 Olympic Games is an honour not only for our 8,000 staff members in China, but for the 140,000 PwC staff in 149 countries worldwide."

In related news, the industrialist in charge of the London 2012 construction development has denied that the project's budget is spiraling out of control.

The chairman of the Olympic Delivery Authority, Sir Roy McNulty, stated in an interview with Guardian that the budget, which is now three times its initial estimate, is now "realistic".