"We want a strong and respected audit profession in the UK and welcome the immediate CMA study to consider concerns raised about the sector in recent months.
"Audit is crucial to underpinning confidence in capital markets, and we support steps to address concerns and enhance society’s trust in corporate audits.
"We are open to change and finding ways to create more choice and we’re committed to helping regulators find practical remedies which serve the best interests of shareholders, companies and the market. Audit quality needs to be front and centre of any changes.”
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2018 PwC. All rights reserved
Head of media relations, PwC United Kingdom
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