When it comes to getting a quality audit, industry insight and knowledge are critical. Knowing that your audit team "gets" your industry-specific issues — and how they impact your company's success — is invaluable.
We touch Power & Utility clients in every region of the world, giving us the depth of resources and range of experience needed to clearly understand the special dynamics (and volatility) of the utilities marketplace. Our experience in this industry allows us to deliver a broad range of industry relevant insights and advice - inside and outside the audit.
Having the right independent auditors can be an asset. They help protect capital markets — and your brand — by attesting to the accuracy of your financial statements. Additionally, the right auditor helps you understand and better manage your critical risks by sharing accounting and business best practices. Finally, by offering informed views, a quality auditor can help you anticipate the financial and reporting impacts of your business decisions.
To a publicly traded company, the financial statement audit offers credibility. To its shareholders, it offers comfort. And to all stakeholders — including the market at large — the external audit offers confidence.
At PwC, we believe that a high-quality audit is defined by how well we deliver on all aspects of our services, including tailoring it to your needs. As one of the largest professional services firms in the U.S., we are committed to meeting the expectations outlined below:
|Your business need||What you will receive|
|Performance of a high-quality audit||
|Informed points of view||
|Meeting regulatory requirements||
|Responsibility to stakeholders/protecting your brand||
|Continuous service improvement||
Assurance is PwC’s largest business. Through this practice, we carry out our most important role in the financial reporting system: enhancing the credibility and reliability of financial statements through the issuance of an audit report. Maintaining capital market confidence in the quality of our audits is therefore a paramount objective for us.
Read more about what PwC is doing to achieve our objective of consistently performing high-quality audits in Our focus on audit quality.
* Source: Nationally, on the basis of percentage of number of clients, we maintain the leading US Fortune 500® audit market share and a leading Fortune 1000® audit market share. Source: Audit Analytics, Fortune Magazine May 2013
Energy, Utilities & Mining Risk Assurance Leader and Specialty Assurance Business Leader, PwC US