Financial statement audit
The financial statement audit has never been more important. In today's business environment there is more scrutiny and scepticism of a company's financial statements than ever before. Investors have lost faith in corporate governance and reporting and they expect more: greater reliability, more oversight and clear evidence of internal controls. Corporate management, boards and audit committees, internal and external auditors, analysts and other investment professionals all have important roles to play in rebuilding investor trust by executing their respective responsibilities, keeping in mind both legal obligations and the heightened expectations of investors. Meeting investor expectations begins with the completeness and accuracy of information contained in a company’s financial statements.
If this is your situation
- You are a regulated entity, either by incorporation or as a result of securities registration for trading purposes and must file audited financial statements.
- You are a multi-national company and need a consistent, global audit methodology for your financial statements.
- You are in the process of exploring the feasibility of changing audit firms.
- You want your current audit firm to concentrate on providing non-audit services to your firm and you need to engage a new auditor.
- You are concerned that your current auditor does not sufficiently understand your company and industry to perform an effective audit.
How PwC can help you
For organisations that require an audit for statutory or regulatory reasons associated with the filing of their annual and periodic financial information, PwC can provide high quality audit services. We can also address any specific regulatory reporting requirements such as those required by the Financial Services Commission and the Gibraltar Regulatory Authority.
We make it our business to understand yours. Our audit process is focused on understanding your business and the relevant risks.
Our assurance team is highly trained and committed to providing statutory and regulatory audits of the highest standards. We aim to exceed client expectations, by continuously reviewing our own effectiveness and efficiency, and by maintaining close communication with the client throughout the audit process. Through a broad range of innovative, high-quality and cost effective solutions we can help your business improve its financial control and regulatory reporting system. In every case, the PwC audit is underpinned by our deep industry knowledge, wide experience and global network of skilled professionals.
PwC's work takes into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance. Our audit clients include many of the world’s leading multinational corporations, as well as many small and medium-sized companies and a significant number of local authorities and other public sector bodies. Our services include all of the following:
- Compliance with regulations
- Advice on controls and processing system weaknesses
- Confirmation of accounting treatments with respect to complex transactions
- Increased monitoring of prospective accounting and regulatory changes
- Independent review of externally reported information
- Accountants' reports
