The 2023 Transparency Report

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with more than 364,000 people who are committed to delivering quality in assurance, advisory and tax services. We are committed to driving a strong culture of quality and excellence that is core to our purpose.

Our1 global strategy – The New Equation – embodies our commitment to operate as a multidisciplinary firm. As part of The New Equation, we organized our operating model into two segments – Trust Solutions and Consulting Solutions – built around the ways in which we serve our clients, helping them as they seek to build trust and deliver sustained outcomes. Our multidisciplinary model is the foundation from which we build, and draw upon, the deep technical knowledge and industry experience, diverse backgrounds and perspectives, and distinct skills of professionals across the firm to further our commitment to quality and benefit our people and stakeholders.

Trust is key to business success. Our Trust Solutions segment harnesses the power of our people and technology to deliver the audit, assurance, and tax services our reputation is built upon, as well as a growing range of services in other areas of reporting (e.g., digital assurance and transparency and sustainability reporting). As part of the largest Trust Solutions practice in the world, our audit professionals draw on our broad bench of non-audit specialists to enhance their own skills and gain unique perspectives. Further, by involving specialists from both segments of the firm in performing risk assessment, designing and performing audit procedures, and evaluating audit evidence, our audit teams are able to more effectively focus audit effort and provide more value to management and the audit committee, especially during times of change or uncertainty. This ready access to specialists in areas such as climate, human capital, digital assets, cybersecurity, valuation, and tax will continue to support the quality of our work as the environment in which we and our clients operate becomes increasingly complex.

Tomorrow takes trust is PwC’s groundbreaking commitment to embed trust-based principles into the core of today’s and tomorrow’s businesses. It includes the Trust Leadership Institute,

This Transparency Report is published in accordance with the requirement set forth in Article 45 (5)(e) of the European Union's Directive on Statutory Audit 2006/43/EC for our fiscal year ended June 30, 2023. Throughout this report, the terms “PwC,” “firm,” “we,” and “our” refer to PricewaterhouseCoopers LLP, the US member firm PricewaterhouseCoopers International Limited (PwCIL), an English Private limited by guarantee.

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