Having the right independent auditors can be an asset. They help protect capital markets and, in turn, your brand, by attesting to the accuracy of your financial statements. Additionally, the right auditor helps you understand and better manage your critical risks by sharing accounting and business practices. By offering informed views, a quality auditor helps to anticipate the financial and reporting impacts of your business decisions.
PwC believes that a high quality audit is defined by how well we deliver on all aspects of services and tailor it to your needs. As one of the largest professional service firms in the US, we are committed to meeting these expectations as outlined below:
What you will experience
|Performance of a high quality audit||
|Informed points of view||
|Met regulatory requirements||
|Responsibility to stakeholders/ protecting your brand||
|Continuous service improvement||
Our Assurance practice is our largest business. Through this practice, we carry out our most important role in the financial reporting system: enhancing the credibility and reliability of financial statements through the issuance of an audit report. Maintaining capital market confidence in the quality of our audits is therefore a paramount objective for us.
Read more about what PwC is doing to achieve our objective of consistently performing high-quality audits in Our focus on audit quality.
Our global audit approach is used on all audit engagements - regardless of location - to ensure uniformity and consistency. In addition, our audit approach is reviewed and updated at least annually to reflect quality improvements from our internal review process.
When it comes to getting a quality audit, industry insight and knowledge is critical. Knowing that your audit team "gets" your industry-specific issues - and how they impact your company's success - is invaluable.
Our multi-disciplinary teams bring a global industry scope and experience as well as comprehensive knowledge of US and local issues and regulations, all which add invaluable insight during the audit.
Visit our Industry Focus Areas to discover more about our specific industry areas of expertise.
The role of the audit committee is of critical importance in today's environment, with close attention being paid to financial statement integrity and transparency, independence and audit quality.
PwC's Center for Board Governance enables board members and audit committees to effectively meet the challenges of their critical roles by sharing governance best practices, developing insightful and timely thought leadership, and offering forums for directors to discuss contemporary issues. The Center also meets directly with boards of directors, audit committees and executives to provide insights into significant governance challenges and developments and help directors comply with evolving expectations and regulations.
Visit PwC's Center for Board Governance to learn more.