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PwC New Zealand | Audit

Transparency Report
2021

At PwC, we understand the importance of transparency and quality in building trust.

Building trust is central to the firm’s purpose - it is at the core of what we do and how we operate.

In 2020 we started our work to provide greater transparency about our audit business. This year, we are providing even greater insight into our work in, and commitment to, audit quality.

Read more about our year in audit quality

Rich Day, PwC New Zealand Audit Leader discussed the importance of our audit business and the role we’re playing in the discussion about audit in New Zealand.

“Our audit business is fundamental to our strategy and building trust. We continue to invest in continuous improvement in audit quality through new systems and technology, risk processes and learning and development for our people.”

Audit Leader Rich Day talks about this year’s Transparency Report and the big issues facing audit in New Zealand.

Our commitment to greater transparency

This report focuses on the work we are doing to build trust through greater transparency. It includes:

  • Our Audit Quality Balanced Scorecard which discloses how we are performing against key measures of audit quality such as internal PwC inspection findings, training and culture.
  • The observations and recommendations made by our independent Audit Advisory Board.

  • Insights into the rise of non-financial and ESG reporting.

  • Commentary on the lasting effect of COVID-19 on audits including the impact of closed borders and the sustainability of the profession.

Information on how our firm is governed, the culture and values that guide us as well as detail on the quality management system that the audit practice operates can be found on our website here.

We look forward to leading conversations with our clients and other stakeholders about the role and future of audit in this country.

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Contact us

Karen Shires

Karen Shires

Chief Risk & Reputation Officer, PwC New Zealand

Tel: +64 21 501 043

Rich Day

Rich Day

Assurance Leader, PwC New Zealand

Tel: +64 21 870 572

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