The financial statement audit evolved for your changing business needs—helping you build trust in what matters
Financial statement audit services
Build trust to protect what matters
Trust has never been harder to earn, nor easier to lose.That’s why we’re moving the PwC audit into the future. Bringing together multidisciplinary expertise, deep technical knowledge and real world objectivity to deliver the highest standards of quality, integrity and transparency. Building trust that protects what matters.
What we bring to your audit
Invested in digital upskilling
Investing into our Next Generation Audit
Digital Innovation of the Year winner at International Accounting Forum & Awards
PwC’s financial audit
The PwC audit to protect what’s gone before and power what’s to come next.
Access holistic, coordinated perspectives – through and beyond the audit - from audit leadership and a multidisciplinary team specialising across sustainability, human capital, cybersecurity, cloud, AI, valuation and tax.
Strengthen trust with integrity and quality assured by our independent teams who are acutely aware of the difference our work makes to healthy markets and a fairer society. Delivering an audit with the hallmark of rigour and transparency: our name and our reputation.
Have confidence in the process with built-in quality checks to flag potential issues sooner in the audit.
Stay ahead with forward-thinking audit tech – driven by digital teams moving the audit into the future-harnessing AI, machine learning and automation – all matched to your organisation’s digital maturity.
See processes and reporting more clearly with a panoramic audit powered by experts with deep technical and industry knowledge.
Uncover richer audit insights with specialists who listen closely to your stakeholders and business – fuelled by detailed analytics and risk assessment so you can focus on high-value critical thinking.
Reduce your team’s burden with greater audit efficiency. Agile, streamlined and effective through seamless data acquisition, streamlined testing and total transparency – supported by 24/7 real-time progress review.
Innovative technology powering PwC’s financial statement audit
We enhance the financial statement audit via our ongoing commitment to technology—continually reinventing and revolutionising.
Driving quality and consistency through a risk-based approach.
Aura, our global ERP system, makes sure work gets done one way - the right way - globally and locally. It is used by over 100,000 auditors worldwide, on every PwC audit. Aura ensures our teams take a consistent, focused and efficient approach to audit risk. This means:
- A better understanding of your business due to end-to-end visibility of the audit process.
- A greater focus on the things that matter thanks to a systematic risk-based approach.
- Our pre-loaded risk software helps teams to identify the relevant risks and perform the right work to address them.
- Consistency and quality of audit delivery across our entire client base.
- Real-time monitoring of engagement quality and progress is available securely on mobile devices, anytime, anywhere.
Understanding your business and gaining deeper insights
Halo, our data auditing technology, tests huge volumes of business-critical data, analysing whole populations, improving risk assessment, analysis and testing, and unlocking a wealth of insight. Halo is revolutionising our audits by harnessing the power of data.
- Enables a greater understanding of your business to enhance audit quality.
- A combined trend and ratio analysis provides you with insights using information we already receive as part of the audit.
- Visualisations highlight patterns and potentially higher risk transactions instantly, enabling a deeper understanding of your business and supporting more relevant conversations.
- Automation of manual tasks leading to greater efficiency.
Connecting people in real time.
Connect, our global coordination tool, provides fast, efficient and secure information sharing at every stage of the audit. It streamlines, standardises and automates real-time communication between your teams and ours, 24/7, wherever you are in the world. This means:
- Better information exchange and document management using a secure, web-based tool.
- Process efficiencies through consolidation and automation of notifications.
- Safe and secure communication for your teams and ours.
- Scalability - globally available for clients, small or large.
- Significantly reduced document management effort.
- Fast and efficient issue resolution due to real-time tracking.
Extract
- Extracts large volumes of data with limited impact on your systems.
- Returns standard data formats allowing automated transformation ready for analysis by our applications.
- Eliminates the need for repeated, manual intervention through the data extraction process.
- Encrypts and compresses the data during the extraction and transfer.
- Provides end-to-end protection of your data.
- An overall more efficient data acquisition process.
Confirmation
- Integrates with Thomson Reuters’ Confirmation Platform (Confirmation.com) allowing us and those who respond to confirmations to use its network of thousands of responding companies, financial institutions, and law firms
- Responses provided directly in the platform simplify the experience for your teams and ours
- Real-time visibility of the status confirmations process
- Protects your data, providing for a safe and secure confirmation process
- Provides an intuitive and consistent experience
Why choose PwC?
With a 170-year heritage of financial statement auditing, building trust has become a hallmark of the PwC brand. To meet our clients’ investments in governance, risks and controls, and data privacy, we’re empowering PwC auditors with a suite of emerging capabilities designed to meet your fast-changing needs.
Digitally upskilled with deep audit expertise
We believe the financial audit of the future must be people led with exceptional teams that bring together broad business understanding, deep industry and technical audit experience, clear judgement, critical thinking and professional scepticism to produce audit opinions that provide trust over the things that matter.
We continuously train our auditors and support them with tech that drives innovation customised to your audit. They know the importance of building strong relationships through genuine interactions, clear communications and balanced perspectives. Our teams care about their clients and are acutely aware of the difference our work makes to healthy capital markets.
Building trust and evolving your audit
When it comes to trust, what matters to stakeholders is changing. Today, organisations are judged on more than financial performance. Reporting on areas such as data and privacy, sustainability, risk, diversity and cybersecurity play an increasingly important role in building stakeholder trust.
For more than a century, we’ve helped clients build this trust in financial reporting. We're now bringing this expertise to a rigorous, integrated audit, providing assurance over what really matters to stakeholders. "What matters" may vary by company, country and industry, but the power of relevant, reliable and transparent information to build trust is universal.
With our independence, subject matter expertise and insights into what drives credibility, we are the right people to help you build trust in what matters.
Greater audit efficiency
Greater audit efficiency and profession-leading quality = less time and stress for your team
Agile. Streamlined. Effective. Less burdensome. How do we do it? Powerful tech, custom automations, delivery centres and deep audit experience help us to streamline testing and focus on complex, judgmental areas while timely resolving issues. Enabling continuously high quality and efficiency across all audit dimensions.
Financial audit insights
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