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The 2020 Transparency Report

At PwC, our purpose statement is to build trust in society and solve important problems.

We believe that auditing is a noble profession, underpinned by the need for trust in the capital markets and in the quality of our audits. We approach our profession as “One Firm,” enabling us to use the resources and technologies from our non-audit disciplines to benefit audit quality. Our Advisory and Tax lines support our audits in areas such as information technology innovations, cybersecurity threats, valuations, and complex tax matters. As “One Firm,” we bring our full capabilities and insights to our audits when and where they are needed and appropriate. Please see PwC’s Our Focus on Audit Quality report for additional details on our approach and practices related to audit quality.

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, 2020.

Throughout this report, the terms “PwC,” “firm,” “we,” and “our” refer to PricewaterhouseCoopers LLP, the US member firm of PricewaterhouseCoopers International Limited (PwCIL), an English private company limited by guarantee.

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