Transparency Report

Welcome to our 2021 Transparency report 

This report includes information about how the firm is governed. While PwC is a multidisciplinary firm, this report is primarily focused on our audit practice and related services. The audit profession continues to be under significant public scrutiny and challenge. We understand the concerns and we support and are committed to changes that will improve audit quality. 

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with more than 295 000 people who are committed to delivering quality in Assurance, Advisory and Tax & Legal services.’ We are committed to drive a strong culture of quality and excellence that is core to our purpose. 

In June 2021, we unveiled The New Equation, PwC’s landmark global strategy which responds to fundamental changes in the world, including technological disruption, climate change, fractured geopolitics, and the continuing effects of the COVID-19 pandemic. The New Equation is based on analysis of global trends and thousands of conversations with clients and stakeholders. It builds on more than a decade of sustained revenue growth and continued investment. The New Equation focuses on two interconnected needs that clients face in the coming years. The first is to build trust, which has never been more important, nor more difficult. The second is to deliver sustained outcomes in an environment where competition and the risk of disruption are more intense than ever and societal expectations have never been greater. For more information on The New Equation, please see https://www.pwc.com/gx/en/ 

Our Strategy continues to build on our ongoing commitment to quality. 

Our people are key to performing high quality audits and we draw upon a wide range of specialist skills across our multidisciplinary practice. That’s why we maintain a constant emphasis on our purpose and values that address integrity and independence. We continue to invest in our people by providing ongoing professional and personal development, with in depth training. 

We have taken steps to align our business to support this focus on audit quality. We continuously invest in innovation and new technology to support our services across the firm, to meet the changing audit challenges in a digital age and to enhance the quality of our audit services. 

Taken together, these measures represent a significant transformation of our audit business and support our focus on audit quality and our public interest responsibilities. 

We have prepared this Transparency Report, in respect of the financial year ended 30 June 2021, in accordance with the requirements of Article 13 of the EU Regulation No. 537/2014. 

Dana Inkarbekova
Country Managing Partner,
Almaty, 31 October 2021