Our points of view on audit and regulatory affairs
Independence
We’ve recently seen many changes designed to enhance independence and objectivity. We believe there is room to build on the safeguards and reforms already in place.
Our points of view on audit and regulatory affairs
Auditors' scope of services
Some argue that allowing auditors to carry out any non-audit services for their audit clients weakens their independence, objectivity and professional scepticism. Here’s why we disagree.
Our points of view on audit and regulatory affairs
Benefits of scale
Competition is good for everyone. But its benefits cannot be achieved by artificially limiting the choices companies have in choosing their auditor. Large, global companies require an audit firm of comparable size and scale.
Our points of view on audit and regulatory affairs
Governance and transparency of the audit
Audit committees are fundamental to the integrity and quality of the audit. They contribute significantly to effective financial reporting and the performance of the audit. We need to build on existing frameworks to make the process universal and more transparent.
Our points of view on audit and regulatory affairs
Mandatory firm rotation
We believe that recent proposals to mandate the rotating of audit firms would significantly reduce the quality of audit and the reliability of financial reporting.
Our points of view on audit and regulatory affairs
Competition and choice in the audit market
We believe competition among audit service providers is good for everyone -- but artificial market interventions are not the answer to maintaining continuous quality improvement and a competitive landscape.
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Family Business Survey
Family firm: A resilient model for the 21st century
For the first time, Romanian family businesses have joined the global PwC Family Business Survey and are sharing their message to the economy, to their peers and to the authorities in a country report. Read more
Strategy Book
Success formulas for the next decade. Companies that have overcome the crisis
PwC launched the first business strategy book published in Romania, analyzing concentration tendencies of companies in various economic sectors, both globally and nationally, including case studies of important companies in Romania. Read more
Anticipating disruption to build a more resilient future
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