Financial statement audit

A top-down, risk based audit approach

The PricewaterhouseCoopers (PwC) Audit starts with a broad understanding of your business. We then consider the risks your company faces, the way management controls these risks and the degree of transparency in your company's reporting to stakeholders.

PwC’s approach is based on the following core elements:

  • The ability to be constantly adaptable to your growth and changing needs.
  • Proactive issue identification and timely, collaborative resolution—with management as a critical component of the process… “end to end.”
  • Our global audit methodology is used on all audit engagements regardless of location to ensure uniformity and consistency in approach.
  • A relentless commitment to continuous improvement.

Other key points of our global audit methodology include:

  • Approximately 74,000 PwC auditors in the PwC member firms around the world use a single, global audit methodology which is designed to comply with all provisions of the International Standards on Auditing (ISAs) and align with new standards as necessary.
  • Our audit methodology is also updated at least annually to reflect quality improvements from our internal improvement review process.
  • This globally consistent approach to the audit means that regardless of location, PwC professionals can understand and evaluate your business using a single language and common methods. In turn, that enables a uniform level of quality in all our audits.

Other Audit and Assurance services include: