The 2024 Transparency Report

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 149 countries with more than 370,000 people who are committed to delivering quality in assurance, advisory and tax services. We are committed to driving a strong culture of quality and excellence that is core to our purpose.

We believe reliable, accurate, and transparent financial reporting is the lifeblood of the capital markets. Our purpose is to build trust in society and solve important problems through our commitment and delivery of quality audits. PwC’s approach to building trust is designed to be responsive to rising expectations of transparency, accountability and stakeholder engagement. It combines expertise in audit, tax and compliance activities with a drive to expand specialist capabilities in areas such as cyber security, data privacy, sustainability and Artificial Intelligence (AI). Our purpose also recognizes the importance of quality–and that reporting and compliance represent just one link in a chain that includes organizational culture, executive mindset, aligned standards, certified professionals, stringent controls, tailored technologies and appropriate governance. It is part of our public interest commitment to consistently perform quality engagements and be transparent about our system of quality management.

Similar to building trust, delivering sustained outcomes requires us to work in an integrated way. Instead of taking a traditional technology-driven approach to transformation, PwC focuses on the outcomes that our work is seeking to achieve. To deliver these outcomes, we then mobilize our expertise, as permitted under relevant independence rules, in areas including–among many others–strategy, digital and cloud services, people and organization, tax, sustainability reporting, and business recovery services.

This Transparency Report is published in accordance with the requirement set forth in Article 45 (5)(e) of the European Union's Directive on Statutory Audit 2006/43/EC for our fiscal year ended June 30, 2024. Throughout this report, the terms “PwC,” “firm,” “we,” and “our” refer to one or more of PricewaterhouseCoopers LLP, PwC US Group LLP (and its subsidiaries) and PwC USA LLP.

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