Faced with a changing society and business driven by the rapidly advanced technologies, such as IoT/E and Artificial Intelligence, Japanese companies are expected to be innovative in order to accomplish their further growth. 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 shows the significance of our relevance in Japan and can promote its change.
Our firm marked the 10th anniversary of its foundation this year and has changed its name and legal status to “PricewaterhouseCoopers Aarata LLC”. 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.
In order to provide high quality and reliable audit and assurance services, in addition to be in compliance with the laws, regulations and audit standards, it is essential to exercise professional skepticism on the basis of in-depth understanding of the business when conducting an audit. It is also important for each professional of our firm to refine knowledge and insight from global perspectives. On the basis of such ability, we are striving to be a “Reliable Business Partner” who has an ability to meet clients’ needs in a timely and an appropriate manner, and to achieve “Contribution to Creation of Corporate Value” beyond the expectation of our clients and the stakeholders. To do so, our firm also focuses on transformation to enhance our quality of services with innovative approach, differing from current approach.
Our firm has summarized “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 competency; good interpersonal skills, which are necessary to conduct our engagements with deep insights; and strong leadership which brings them together to create values.
Although the environment surrounding the audit industry and its stakeholders are at the phase of massive changes, our social mission remains the same. Rather, being in the era of reform, we have more clear sense of mission. As our name "Aarata" (which means "new" in Japanese) suggests, our firm continues to take on “new” challenges and makes constantly endeavors to be a truly valuable and trusted partner for all of our stakeholders.
July 1, 2016
Koichiro Kimura, CEO
Hitoshi Kiuchi, COO