The 2019 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.
In a complex world with an ever-evolving global economy, organizations are driving transformational change to keep pace—capitalizing on new opportunities and navigating new challenges. In this light, PwC is adapting and continuing to make enhancements to drive the quality of our audits. Read on to learn how PwC is delivering on its audit quality objectives.
Watch PwC's Tim Ryan, US Chairman, and Wes Bricker, US Assurance Leader, discuss why audit quality is our top strategic priority.
Our purpose is to build trust in society and solve important problems. We build trust by delivering on our commitment to quality. This means that performing quality audits is job #1 for our Assurance practice and is at the core of our strategy. Our focus on quality drives our actions with clients, colleagues, and other stakeholders and guides our decision making. We expect our partners and staff to exhibit the core values underlying our purpose:
Our people strategy is focused on being the world’s leading developer of talent. We hire candidates who have diverse backgrounds and appropriate skills; have a questioning mindset and intellectual curiosity; and demonstrate courage and integrity.
Performing audits in accordance with professional standards is an important way that we fulfill our purpose to build trust in society and solve important problems.
Our continuous improvement process is designed to timely identify opportunities for enhancement and quickly respond. We identify opportunities through monitoring the results of pre-issuance reviews and internal and external inspections.