1 July 2023 - 30 June 2024

PwC Singapore Transparency Report FY24

Transparency Report FY24
  • Report
  • 31 Oct 2024

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Welcome to our Transparency Report FY24

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.

Our approach to building trust is designed to meet 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, Environmental, Social, and Governance (ESG), and Artificial Intelligence (AI). It also recognises the importance of quality - and that reporting and compliance represent just one link in a chain that includes organisational 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, we focus on the outcomes that our work is seeking to achieve. To deliver the agreed outcomes, we mobilise our expertise in areas including – among many others – strategy, digital and cloud services, value creation, people and organisation, tax, sustainability reporting, deals, business recovery services, legal and compliance.

Message from our leadership

Marcus Lam

Executive Chairman, PwC Singapore

Eng Beng Choo

Assurance Leader, PwC Singapore

Today, companies are judged far beyond their financial outcomes. Aspects such as environmental, social, and governance (ESG) and cybersecurity have become foundational to any company’s performance, staff loyalty, and overall enterprise value. This new paradigm means that while our PwC purpose is more relevant than ever before, being both an auditor and a PwC professional today has evolved into something different, and more.

Future auditors will need a broader skill set that extends beyond financial reporting to include areas like digital trust, cyber, data security, and ESG, among others. Our vision is to enable the future of audit to improve audit quality and inspire the next generation of auditors and businesses. We have developed significant capabilities in ESG, have been continuously upskilling our people to support our clients in their sustainability transformation and reporting journeys – helping to engender greater trust in the market and society. You can expect to see more from us in the ESG reporting and assurance front in the coming year.

Our promise and commitment

Quality

Our firm’s monitoring includes an ongoing assessment aimed at evaluating whether the policies and procedures that constitute our System of Quality Management (SoQM), are designed appropriately and operating effectively to provide reasonable assurance that our audit, non-audit assurance and related services engagements are performed in compliance with laws, regulations and professional standards.

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    Here to listen: PwC's Next Generation Audit

    From the beginning, great auditing has always been about great listening. Learn more about PwC's Next Generation Audit journey, which is anchored in listening and building trust.

    View the full report

    Transparency Report FY24

    Download (PDF of 4.46mb)

    Contact us

    Marcus Lam

    Executive Chairman, PwC Singapore

    Email

    Choo Eng Beng

    Assurance Leader, PwC Singapore

    +65 9757 4084

    Email

    Hans Koopmans

    Risk and Quality Leader, PwC Singapore

    +65 8855 6173

    Email

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