Financial Statement Audit

The audit: From compliance to insight

While many of the rules of business have changed, the fundamentals haven't. Meeting investor expectations begins with the completeness, accuracy and fair presentation of information in your financial statements and disclosures.

The audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment - once characterised by investor scepticism and the 24/7 scrutiny of corporate information, including non-financial information.  

Quality, consistency, independence and insight

Not only does your audit help assure compliance with applicable reporting standards, there are important by-products of the audit process such as the identification of internal management issues and important insights that can help you address both present and future challenges.

That’s because we approach your audit with a deep and broad understanding of your business, the industry in which you operate, and the latest regulatory standards. We consider the risks your company faces, the way management controls these risks and the transparency of your company's reporting to stakeholders.
Around the world 74,000 PwC auditors in PwC member firms use a single, global audit methodology that is designed to comply with the International Standards on Auditing, and align with new standards as necessary. PwC’s relentless focus on quality, independence, transparency and advanced methodology is – like all our services – designed to ensure compliance with professional standards, as well as optimise value for your organisation and your stakeholders.

We can also help you with:

• Addressing regulatory reporting requirements
• Advice on controls and processing system weaknesses
• Advice on use of various accounting treatments for complex transactions
• IFRS reporting

Depending on the independence and regulatory requirements that may be applicable, such as Sarbanes-Oxley, certain services may not be available to audit clients of PwC member firms.