Committed To Transparency

Each PwC firm conducts objective quality control reviews of all of its services.

• quality management systems are appropriately designed, are operating effectively and comply with applicable network standards and policies
• engagements selected for review were performed in compliance with applicable professional standards and PwC Audit requirements, and
• significant risks are identified and managed appropriately.

• inspection and compliance-testing programmes at firm and engagement levels. Such inspections look at, among other things, compliance with the requirements relating to partner rotation and partner evaluation and compensation.

• the PwC Audit approach and tools
• updates on auditing standards and their implications, and
• areas of audit risk and engagement quality.