Governance, transparency and the audit committee

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Point of view Governance and transparency of the audit

Governance and transparency of the audit: A critical role for the audit committee

Audit committees matter. As the representatives of shareholders, they are critical to the integrity and the quality of the audit. In those countries where audit committees have the authority and responsibility to oversee final preparation of the financial statements and the audit, quality has improved measurably.

Providing more and better information to audit committees on a consistent basis will not only make them more effective, it will also help their decision-making around whether the audit firm should be reappointed. We believe there should be more transparent reporting by audit committees to give regulators, investors and the market more insight into both the audit and the appointment of the company’s auditors.

Enhancing the quality of financial institution audits

PwC Point of View setting out alternative options to enhance the quality of the audits of financial institutions, including banks

Competition and choice in the audit market

How do artificial market interventions like mandatory auditor rotation and audit-only restrictions impact audit market competition? PwC says they increase costs and reduce efficiency.

Audit, independence, and integrity

At PwC, independence, objectivity and integrity are at the heart of everything we do. Download this PwC Point of View to learn where we stand on new safeguards and measures to maintain, or regain, public trust.

Audit, independence, regulations, and business services

At PwC, objectivity, quality and integrity are at the heart of everything we do. Download this PwC Point of View to learn where we stand on proposals to limit the scope of services that audit firms can provide.

Audit, the Big Four, and proposals for reform

Download this PwC Point of View to learn where we stand on European Commission proposals to curb the collective reach of the Big Four accounting firms, and on the benefits of scale for a global firm in a global business environment.