The financial statement audit has never been more important. In today's business environment there is more scrutiny and skepticism of a company's financial statements than ever before. Investors are deeply concerned about corporate governance and reporting and they expect more: greater reliability, more oversight and clear evidence of internal controls.
Corporate management, boards and audit committees, internal and external auditors, analysts and other investment professionals all have important roles to play in building investor trust by executing their respective responsibilities, keeping in mind both legal obligations and the heightened expectations of investors. Meeting investor expectations begins with the completeness and accuracy of information contained in a company’s financial statements.
If this is your situation
- You are a regulated entity, either by incorporation or as a result of securities registration for trading purposes and must file audited financial statements.
- You are a multi-national company and need a consistent, global audit methodology for your financial statements.
- You are in the process of exploring the feasibility of changing audit firms.
- You want your current audit firm to concentrate on providing non-audit services to your firm and you need to engage a new auditor.
- You are concerned that your current auditor does not sufficiently understand your company and industry to perform an effective audit.
How PwC can help you
For organisations that require an audit for statutory or regulatory reasons associated with the filing of their annual and periodic financial information, PwC can provide high quality audit services.
PwC's work takes into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance. Our audit clients include many of the world’s leading multinational corporations, as well as many small and medium-sized companies and a significant number of local authorities and other public sector bodies.
- Compliance with regulations
- Advice on controls and processing system weaknesses
- Confirmation of accounting treatments with respect to complex transactions
- Increased monitoring of prospective accounting and regulatory changes
- Independent review of externally reported information
- Accountants' reports
The technology that’s changing the PwC Audit
We’re re-engineering and bringing innovation to the audit with Aura, Halo and Connect: three unique smart technologies that underpin the safety, insight and real-time capability of the audit.
Our innovation landscape
We're constantly investing in the technologies that we believe are most relevant to the audit of the future.
- Artificial intelligence (AI)
- Robotics
- Drones
- Blockchain
Artificial intelligence (AI)
We’re exploring how AI can deliver even greater levels of reliability, efficiency and insight. By combining AI technology with auditor expertise, we’re creating award winning products such as gl.ai that can exceed the abilities of both.
Robotics
We’re replacing our transactional approach with robotics to reduce your audit administration and improve audit quality even further.
Drones
Drones have revolutionised the way companies can collect high-quality data, which enables you to make faster and better business decisions.
Blockchain
A new audit approach is needed in order to leverage technology, accommodate increased transaction volumes, and provide real-time data.
