Investors value the current auditor's report but want more insight from auditors.
The time is right to consider changes that will enhance the relevancy and transparency of audits to investors.
Some investors want auditors to discuss their views on management's judgments and estimates, accounting policies and practices, and difficult or contentious issues - essentially to prepare an auditor's discussion and analysis.
We do not support an auditor's discussion and analysis. We believe that instituting it would lead to unintended consequences that would be detrimental to audit and financial reporting quality.
The PwC assurance services practice examines and attests to the financial performance and operations of your business. Beyond financial audits, this PwC practice also provides internal control audits, business and performance reporting, and social, environmental, and other compliance reviews.
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