Integrated and financial statement audits

The PwC audit experience

We deliver high-quality, independent audits to our clients. Our audit, with its controls and the audit committee’s oversight, assists in mitigating reporting errors. Successful mitigation of this risk helps our clients engage the capital markets, build investor confidence and protect their brand and reputations. We also regularly share our perspectives on our clients’ business, observations and best practices. How we deliver value is defined in the table below.

Transforming the audit [Video]

Imagine the audit of the future, helping you see more of your business more clearly than ever before. Learn more about PwC’s audit transformation efforts.

PwC's audit value defined

Business need

We will

Points of view on your financial statement
  • Share the context around complex issues and the broader implications to your business.
  • Use our experience with other similar businesses to provide insights and advice to help you make better judgments and anticipate opportunities and challenges.
Ideas for improving controls
  • Design an audit to help give stakeholders confidence in the integrity of your financial statements.
  • Share our views on the nature of your accounting policies.
  • Provide our perspective around judgments and estimates.
  • Provide insights about your controls design and operational effectiveness.
Business and industry insights
  • Help you monitor developments in industry and technical regulatory requirements so you keep your accounting and reporting current and accurate.
Updates on regulatory developments and accounting change
  • Share our views on the expected changes in accounting requirements.
  • Have ongoing dialogues to help you proactively deal with and implement new accounting standards.
Reviews of other reports and disclosures
  • Deliver an independent and objective opinion on your controls and financial statements.
  • Provide insights into your other reports and disclosures for consistent messaging and protect your reputation.
Corporate governance best practices
  • Share best practices around corporate governance.
  • Facilitate meetings between your board and our Center for Board Governance team.
Open and ongoing dialogue with the audit committee
  • Maintain an open, direct dialogue with your audit committee, including providing context around issues and opportunities.
  • Address new areas you consider to be of risk and explore the audit implications of significant changes in your business, looking for ways to consolidate efforts, while providing necessary audit coverage.
Relevant thought leadership, research and events
  • Send you the latest thought leadership and invitations to board seminars, conferences and other events.

Read more about what PwC is doing to achieve our objective of consistently performing high-quality audits in Our focus on audit quality.

Industry insight

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.

Audit committee resources

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.