Our Audit Quality Report gives us the 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 Wes Bricker, US Assurance Leader, introduce our AQAC members and discuss their views on audit quality, the profession and our capital markets.
Our independent Assurance Quality Advisory Committee (AQAC), newly established in 2020, will provide perspectives and advice to Assurance leadership on all aspects of the business, operations, culture, governance and risk management approach that are reasonably expected to impact audit and assurance quality.
Refer to the video above for a brief introduction to our AQAC members and a discussion regarding their perspectives on audit quality, the profession and our capital markets.
“The establishment of the AQAC makes PwC unique as a firm - with a Board with external members, as well as an independent advisory committee focused on quality.”
During the COVID-19 crisis, our first priority was to keep our people healthy and give them the flexibility to care for themselves and their loved ones. At the same time, we were also focused on continuing to run our business and serve our clients. Our existing tools and infrastructure allowed our people to shift to working in different ways and to coordinate and communicate with our clients.
Our response to the human, business and financial reporting challenges presented by the COVID-19 crisis included:
PwC embraces diversity and inclusion as an essential aspect of our purpose, culture, and values. Our systems, programs, and processes are designed to support all of our people so that every person has the same opportunities to grow to their full capacity. With a culture of belonging at the core, our strategy for sustainable change within the firm is rooted in supporting our peoples’ career journey at the onset. As a purpose-led and values-driven organization, we’re using the talent and resources of PwC to be a voice for change. We are taking action on issues that matter to our people, affect our communities, and permeate the business community.
As part of our commitment to transparency and accountability, we released our first annual Diversity & Inclusion Transparency Report.
“We want to be a voice for change, to increase opportunities for all and to build a successful and sustainable future by embracing the full range of talent that our fast-changing world has to offer.”
Our first-rate methodology, technology, and training provide our people with the guidance and tools they need to drive audit quality and to reinforce critical skills and behaviors related to delivering audit quality. Tomorrow’s audit, today is how we bring together our people and technology in innovative ways to deliver quality.
Why is this so important? Our blend of people and technology enables us to make a difference for our clients and the capital markets in the following ways: