Espiñeira, Pacheco y Asociados - PwC Venezuela

Espiñeira, Pacheco y Asociados - PwC Venezuela

Espiñeira, Pacheco y Asociados (PricewaterhouseCoopers) is a professional, independent  organisation in Venezuela. It is the member firm in Venezuela of the PricewaterhouseCoopers global network (PwC).

In 1935 the U.S. firm Price Waterhouse opened its first office in Maracaibo and in 1946 moved to Caracas. Offices were subsequently established in the main cities of the country.

With 79 years in Venezuela, we are the leading firm in our profession in the Venezuelan market. We have witnessed many of the milestone events in the country’s financial history. This enriching experience has led to constant improvement, a benefit we transfer to our clients.

Our knowledge and vast experience in the local market and the commitment of our partners and professional staff to provide quality services to the country’s most important companies are the reasons behind our position as the leading firm in Venezuela.

Business management demands two professional service dimensions: complete knowledge of the local conditions and a broad view of events and experiences in the global business world.

PwC Venezuela uses this two-fold approach to serve our clients and the community.

PwC Venezuela provides industry-focused assurance, tax and consulting services to build public trust and enhance value for our clients and their stakeholders. More than 184,000 people in 776 locations worldwide share their thinking, experience and solutions to develop fresh perspectives and practical advice.

PwC Venezuela has a long-standing tradition in the Country built on our core strengths:

  • High reputation and image

  • Recognition in the community

  • Value-adding services

  • Appropriate business risk management

  • Genuine career opportunities for our employees

  • Social responsibility

  • Integrity

  • Innovation

  • Teamwork

  • Leadership

Our work team is comprised of professionals from a wide range of disciplines who receive many hours of training so that they may offer the best quality service.

We provide a variety of services through the following lines of service, which operate individually or jointly to ensure that our clients’ needs are met:


We are one of the top-ranking firms in Venezuela not only because of the sheer size of our organisation and client portfolio, but also because of our leadership in many domestic industry sectors. Our services focus on the following industries:

Our work team is comprised of professionals from a wide range of disciplines who dedicate many hours to training professionals so that they may offer the best quality service. We have offices throughout Venezuela in the following cities:

  • Caracas (Headquarters)

  • Barquisimeto

  • Maracaibo

  • Maracay

  • Puerto La Cruz

  • Puerto Ordaz

  • Valencia

Excellence, teamwork and leadership are the values that help us achieve our goals.

People are at the core of our values. Our objective is to foster behavior that responds to these values and our aim to be the best in personnel management.

  • In delivering what we promise, we add value beyond what is expected, achieving excellence through innovation, learning and agility.

  • The best solutions come from working together with colleagues and clients. To achieve this, we have to establish solid, respectful relationships and share knowledge, resources and opportunities.

  • It is important to inspire and motivate others. Leadership consists in demonstrating personal integrity, global vision and courage.

The services of PwC Venezuela, are based on a pragmatic methodology; to continuously train our work teams in order to surpass client expectations and ensure maximum efficiency.


Assurance Services

Assurance services are characterised by a pragmatic and consistent PwC methodology, staff is continuously trained to integrate our teams in order to exceed customer expectations and ensure maximum effectiveness and efficiency.

Our service commitment is based on eight basic principles:

  • Plan to surpass expectations

  • Ensure the effectiveness of our work by properly assessing risks

  • Maximise efficiency by timely providing audit results

  • Properly manage risks

  • Assign qualified and specialised personnel

  • Optimally use of technology

  • Provide ongoing communication by being accessible and proactive

  • Assess our performance by measuring our work

Benefits offered to our clients:

  • Our opinion as independent public accountants regarding the reasonableness of your company’s financial statements.

  • Communication and specific recommendations for internal control system effectiveness and administrative efficiency.

  • Effective solutions to optimise your company’s internal audit function.

  • Support with business transactions related to pre-acquisition assessment, transaction structuring and business sale.

  • Support with accounting conversions.

Our main business areas in Auditing:


Tax services

Tax services offered by PwC Venezuela, provide the best combination of efficiency, consulting and industry experience to local business organisations.

Our service commitment includes:

  • Formulating effective strategies to achieve adequate tax management through the development of innovative tax strategies and compliance assessments of formal tax duties.

  • Identifying issues requiring the support of tax specialists and proposing different solutions.

  • Professional integrity in handling confidential information.

  • Strict adherence to the law.

We contribute to our clients’ businesses by providing:

  • Tax consulting, deliverables and specific recommendations on adequate compliance with tax regulations prepared by highly skilled professionals capable of meeting client requirements in a timely manner.

  • Deliverables and specific recommendations on adequate compliance with tax legislation.

  • Added value in the search for the best options available to solve specific tax and business issues.

Our main business areas in TAX:


Consulting Services

The consulting services of PwC Venezuela, help our clients identify strategic, financial, operating or system risks, as well as implement solutions based on best practices in each industry sector.

We provide a wide range of consulting services to global and local companies. These services have helped our clients build value, manage risks and maximize profits.

We provide consultancy and professional support through:

  • Business process improvement and control

  • Proven methodology to maximise earnings

  • Security and control over ERP systems

  • Information security best practices

  • Design and implementation of security policies and procedures

  • Risk and control culture measurement (COSO I and COSO II - SOX)

Our main business areas in Consulting include:


Corporate Finance

Corporate Finance and Recovery services offered by PwC Venezuela, provide high added value to companies that are in the process of making important financial decisions that will change their businesses and to companies that seek to improve business management and maximise shareholder return.

Our services include:

  • Financial, economic and strategic consulting to companies facing complex business challenges

  • Proposing added value solutions

  • Supporting our clients with business value creation

  • Creating a positive impact on the client’s business activities

We also assist our clients by:

  • Developing business plans and assessing their feasibility and impact

  • Identifying possible participants in project construction and operation under the best conditions

  • Defining the most appropriate negotiation strategies in connection with acquisitions, mergers and sales of companies

  • Identifying factors that create or decrease shareholder value

  • Supporting our clients by anticipating the impact of decisions and strategies and subsequently monitoring activities

  • Identifying the causes behind business crises and seeking options to avoid them in the future

Our business areas in Corporate Finance and Recovery:


Business Process Outsourcing - BPO

Business Process Outsourcing (BPO) services offered by PwC Venezuela, are aimed at supporting companies in their daily accounting processes so they can focus on their business.

Our services include:

  • Finance and accounting services, tax compliance and payroll processes

  • Design and management of business processes for faster, improved and more cost-effective operations

  • Professional integrity when handling confidential information

We help our clients:

  • Reduce the cost of managing accounting processes

  • Add value when searching for the best options to address accounting and tax issues

  • Achieve timely solutions aided by our specialised, highly skilled and responsible personnel

Our business areas in Business Process Outsourcing:

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