PwC faculty newsletter - January 2020

Dear Educators,

We are excited this month to highlight recognition from the Human Rights Campaign’s Corporate Equality Index and also to be named an Audit Innovation of the Year winner. We provide an update on our Fall 2019 changes to our entry-level hiring process, highlight new content on our ‘Tomorrow’s Audit, Today’ webpage, and share a video on our “New World, New Skills initiative”. We have also included our 23rd CEO Survey results, comments from our US Assurance Leader on ESG issues and the results of our Well-Being Learning Project. We feature our reports on Top Policy Trends 2020 and Top Health Industry Issues of 2020. Finally, a recent issue of our In Depth publication addresses guidance from FASB for accounting for income tax and the new PwC Tax Insights report discusses the Senate’s approval of USMCA.

We’re #PwCProud

We’ve been named a Best Place to Work for LGBTQ Equality, with a 100% rating on the Human Rights Campaign’s Corporate Equality Index! We’re proud of our culture of inclusivity and belonging!

Harnessing AI to pioneer new approaches to the audit

Cash.ai represents a quantum leap in the use of technology in the audit, intelligently automating not just elements of the audit of cash but the whole end-to-end process.

Cash.ai performs activities previously carried out by auditors with superhuman speed and accuracy. It takes audit quality and efficiency to a new level by standardising the approach and harnessing intelligent automation. Continue reading here.

Entry-level hiring process update

This fall, we implemented national application deadlines for all entry-level hires and expanded our use of virtual interviews to conduct all all interviews virtually. This new process resulted in a 1% overall increase in the xLoS acceptance rate, no negative impact on diversity and a reduction in time from application deadline to offer. Our candidates reported an improved overall experience. The Talent Acquisition team continues to expand messaging to help prepare your students for what to expect during the virtual interview process. Please direct your students to our US Careers page for details on our process.

Tomorrow’s Audit, Today

Welcome to your new audit experience … a perfect blend of people & technology, quality first, purpose always. That’s what drives us today and it’s how we’re bringing the audit into the future. See more here.

New world. New skills.

“New world, new skills” is our $3 billion global investment in tools, technologies, and individuals. Check out the new video to see how we’re using these tools!

PwC’s 23rd annual CEO survey

US CEOs are increasingly worried about an economic downturn in 2020. More insights from our 23rd annual CEO Survey can be found here.

ESG: Five themes for boards to think about

As companies transform and deploy new technologies, ESG - environmental, social and governance - issues are key to boosting productivity & unleashing people's potential at managed costs. PwC's Assurance Leader, Wes Bricker, shares more here.

PwC’s Well-Being Learning Project

The Well-Being Learning Project is one of the largest studies to date of a corporate well-being effort. This research, conducted over a six-month span and featuring data collected from more than 1,400 partners and staff, examined the behaviors at the individual, team and organizational level that truly make a difference in our people’s well-being and in our business overall. Click here to read more.

Top policy trends 2020 - The data revolution has come to the policy arena

In preparation for the election year, PwC surveyed over 400 CEOs, CFOs and COOs—close to 70% say their organization is “very actively” seeking to shape data privacy policy. Drug pricing, trade and antitrust policy trends are also drawing them in. PwC’s 2020 policy guide focuses on the shifts that are likely to define the year and the influencers, both regulators and non-regulators, to watch. Read more here.

Top Health Industry Issues of 2020

In 2020, as US health organizations continue to expand overseas, and into innovative ways of managing people’s health, they should reconsider tax processes and obligations. Learn more here.