Our focus on audit quality

The 2016 edition of our annual audit quality report gives stakeholders a transparent look at the foundation of quality in our assurance practice - and the actions we have taken, and will continue to take, to sustain and build upon audit quality.

  • 16

    Transparency data points provide additional information about our audit practice and our investment in and focus on audit quality.

  • 99%

    Of our assurance professionals report receiving consistent messages about the importance of audit quality from both local and firm leadership.

  • $10,000

    Average amount of student loan debt PwC will defray for eligible recent graduates. This allows us to attract and retain the best talent and, in turn, hold up our standard of quality.

  • 85%

    Engagement Index on our global people survey - which measures the pride, advocacy, commitment and overall satisfaction of our people. This contributes positively to our quality objectives.

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Tim Ryan, PwC US Chairman and Senior Partner, and Maria Castañón Moats, US Assurance Leader, introduce PwC's 2016 quality report and discuss PwC's commitment to audit quality.

We are committed to proactively advancing audit quality. This means developing our people, enhancing our processes, investing in technology so we sustain and build on our recent quality results, and continuing to enhance our culture of excellence and quality. 

This report is intended to provide you with detailed information on our quality journey. We’ve included 16 Transparency Data Points to provide additional information about our audit practice and our investment in and focus on audit quality. You will see how those measures have changed over the course of the past three years, in most cases providing quantitative evidence of our growth and improvement. While not all of the transparency data points we include in this report may be individually directly linked to audit quality, we believe the suite of transparency data points included in this report provides useful information that—particularly when combined with additional context and discussion—offers valuable insight to our stakeholders. 

 

Our investment in and focus on audit quality

Average training hours completed per audit professional
PwC has a high compliance rate in issuer audited engagements
Engagement Performance and Quality training raises audit quality

Contact us

Maria Castañón Moats
Assurance leader
Tel: +1 (646) 471 3884
Email

Tim Ryan
US Chairman and Senior Partner
Tel: +1 (646) 471 2376
Email

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