The audit matters, and it needs to evolve. That’s the message we’ve heard around the country as we opened up a public discussion on the future of audit. As a profession, we are at a watershed moment, and at PwC, we recognise the need for change if we are to be sufficiently responsive to the evolving needs of stakeholders and re-establish trust in the quality of the audit.
Here we share what we heard, alongside our assessment of where change could be most usefully made.
Kevin Ellis, Chairman and Senior Partner
Opening a discussion with those who have a stake in evolving the audit
We heard many different views on how the audit could and should evolve