Complying with regulatory and reporting requirements
The regulatory landscape can be particularly complex for utility companies. Not only do they have to conduct operations in a variety of regulatory and tax regimes but they also have big upfront investment needs, which often go hand in hand with great uncertainty about long-term outcomes. The geopolitical, environmental, energy and natural resource supply and trading environment, combined with often complex stakeholder and business relationships, adds to the complexities utility companies face. In addition, the advent of International Financial Reporting Standards and section 404 of the Sarbanes-Oxley Act for US registrants has added to the challenges. All of this demands careful judgement around corporate governance, internal controls and external reporting..
How PwC can help you
In this environment of rapid change and what can seem like ever increasing demands, management often finds it difficult to fully comprehend the total cost of compliance. It sees the potential for costs to escalate without the organisation realising the full benefit of such investment. Additionally, there is the need to provide more relevant and timely information in the public arena. This has heightened the focus on transparency, as well as an increased need to provide accurate and periodic reporting of issues/events and certifications.
At PwC we can offer you a complete range of compliance services—deployed globally, delivered locally throughout the world, and closely integrated with industry-specialised resources. We can also provide innovative, high-quality, and cost-effective services related to every aspect of an organisation's regulatory reporting needs services. At PwC we can put the knowledge and proficiency of our widely-experienced professionals at your disposal in virtually every industry and business discipline. Let PwC's specialists work with you to design strategies that work—and enhance value.