The 2017 edition of our annual audit quality report provides us with an opportunity to share how our culture, values, people, and processes come together to help us achieve our audit quality objectives.
Transparency data points provide additional information about our audit practice and our investment in and focus on audit quality.
Percentage of audit clients for which Halo for Journals – our data auditing platform - is utilized.
Reduction in hours worked in excess of 40 per week over two years.
Rate of voluntary turnover – down nearly three percentage points over two years.
Tim Ryan, PwC US Chairman and Senior Partner, and Maria Castañón Moats, US Assurance Leader, introduce PwC's 2017 quality report and discuss PwC's commitment to audit quality.
In a world that is changing rapidly, audit quality is a journey—not a destination. Each year we take action so that our audits continue to meet the challenges of evolving risks to reliable financial reporting, including changes to accounting standards, stakeholder expectations, and the business and regulatory environments in which we operate. We also assess our performance and learn from our experiences so that we can identify where changes will further enhance the quality of our audits.