A more immediate information, which goes beyond the financial aspects and to analyze risk management, key to the future of audit.
Corporate reporting is in a permanent state of change with companies constantly striving to improve communication with stakeholders. One of the main ways of improving communication is through the integrated annual report, which seeks to align significant information on the organisation’s strategy, governance system and future prospects in a way that reflects the Company’s economic, environmental and social effects on the lanscape in which it operates.
The report has been prepared by PwC from interviews with 85 members of the -analistas investment community, rating agencies, fund responsible investment around the world.
The results of the annual PwC study indicate that the alignment of the expectations of stakeholders and the development of skills and abilities that meet these expectations will be the key for the Internal Audit function continues to increase the value you bring to the organization.
We are objective in all aspects of our work
Auditors should be objective in all their work. In order to achieve this, a key factor is independence which should be expressed through how they think and how they look. PwC firms strengthen these principles through a combination of actions, including that the independence policy is managed by senior management, submitting independent enquiries for issues which call for value judgements, carrying out on-going training and requiring strict compliance with independence requirements.
High level of reliability and quality for our clients
All PwC’s actions aim to ensure that the Firm is the best professional services company and perceived as such by the markets that we choose, our clients and our people.
In keeping with this objective, PwC adopts a Quality Policy based on the following strategic principles:
By complying with these principles, engagements should be completed in accordance with the applicable contracts and standards, offering our clients a high level of service reliability and quality.
Some of the actions are:
All employees are responsible for the quality of their work.
PwC management personally commits to complying with the Quality Policy, delegating the Quality System to the Quality Manager.
We build trust with our clients
PwC is a global and therefore complex organisation. But we believe that these characteristics are compatible with the transparency principle which we apply to what we do and how we do it. The aim is to build trust with all stakeholders and guarantee that the value of our professional services network is visible.
At PwC we constantly review our corporate practices to ensure that people understand the way we work.
Clarity and transparency are values which are increasingly appreciated by our clients, our professionals and society as a whole and our response is to better explain PwC’s structure and operational approach. This requires us to make a communications effort in areas as important as service quality, independence policy, corporate governance, business culture, remuneration setting methodology and risk control.
Moreover, the PwC firms encourage all professionals to act ethically and appropriately, particularly when they have to take difficult decisions.
All PwC member firms are aware of the significance of these criteria for the organisation as a whole and undertake to strictly oversee compliance. We understand that this is the best way of delivering the strength of our international network.
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