2018 Transparency Report

At PwC, our purpose statement is to build trust in society and solve important problems. To us, these are not just words. Rather, our purpose statement serves as our guiding principle to align the focus of our people and direct the decisions we make and actions we take. It is reflected in our governance structure and embraced throughout our firm (and the PwC Global Network). It drives the clients and work our firm accepts and the quality we deliver across our Advisory, Assurance, and Tax lines of service.

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 systems, 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.

The 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, 2018. Its contents are also generally consistent with the information that the Center for Audit Quality recommends be included in an audit firm's transparency report.

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