Turning an audit transition into transaction advisory value

PwC had been the auditor for a gaming client for several years and had built deep knowledge of its operations and industry. After the business was acquired by a wider group, the group’s governance and reporting model required a change of auditor. This brought PwC’s audit engagement to an end and risked the loss of a longstanding relationship. At the same time, the acquisition created a clear opportunity to support the business with services linked to the transaction.

This joined-up approach meant PwC secured the PPA engagement, turning a potential loss of audit work into a new mandate. The work reinforced PwC’s role as a trusted adviser during a major corporate transaction and showed how using existing knowledge across service lines can create further value.