In the era of global competition, Japanese companies are expected to have in-depth and deeper dialogue with investors, which is sometimes tense but yet collaborative, to show company policies and initiatives to enhance its "Earning Power" and create medium-to-long-term sustainable value at the same time. Japan’s growth strategy is to realize sustainable growth and enhance the corporate values by organically functioning both of the “Stewardship Code” requested to investors and Japan's “Corporate Governance Code” requested to the companies.
PwC defines the relevance of PwC Network as, "Build trust in society and solve important problems". Our firm takes advantage of the PwC Global Network, which has the strength of diversified expertise and experience of more than 208,000 people in 157 countries, and enhances the cooperation with advisory and tax specialists. In June 2016, our firm will mark the 10th anniversary of the foundation. In the drastically changing environment surrounding our firm and our clients and their stakeholders, our firm has reaffirmed our relevance, with the action target of three (3) "In"s (Integrity, Intelligence and Innovation), and is making an all-out effort to participate actively in and contribute to the sound growth and development of the economic/social infrastructure and financial capital markets in Japan, as well as to the maintenance and improvement of their credibility.
To realize high quality audits with a deep in-sight, as the mission expected from the society, auditors are required to have appropriate professional ethics, assign enough resources enhancing deep expertise and rich experience, complete rigorous audit processes and quality control procedures in compliance with laws and regulations, and issue an appropriate audit report in a timely manner. In addition, in order to fulfill our accountability about accomplishment of high-quality audit services, our firm actively takes actions, considering the governance code to the audit firm in UK, by proactive disclosure about our governance and actions taken to improve audit quality.
Our firm has established “PwC Professional”, a framework which shows the direction to be pursued by those who are to serve as the foundation of strict audit. Specifically, our firm has trained five (5) aspects of professional competency which we are expected to have: expertise, which constitutes a basis to secure audit quality; business acumen; global competence; good interpersonal skills, which are necessary to conduct audit and advisory engagement with deep insight; and strong leadership which brings them together to create values. Further, our firm is focusing on transformation with taking full advantage of technology. Our firm intends to provide more effective and efficient professional services, making our audit services higher quality and more valuable.
As our name "Aarata" (which means "new" in Japanese) suggests, our firm continues to take on “new” challenges and makes constant endeavor to be a truly valuable and trusted partner for all of our stakeholders.
January 4, 2016