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PwC give audit a £30m boost
06 June 2019
PwC UK is introducing a package of measures designed to ensure it delivers consistently high quality audits that meet the needs of investors, companies and wider society.
The firm has said it is investing an additional £30m annually as part of a wide ranging action plan to provide greater focus on the quality and public interest responsibilities of PwC’s statutory audit services.
The plan, announced in early June, has three key areas: additional investment in training, people and technology; further alignment of the firm’s audit business behind audit quality; and a reinforced focus on culture and quality control.
Head of audit, Hermione Hudson, said that PwC will be creating a new national digital audit team, focused on the development and application of innovative technologies.
The firm will also be hiring more than 500 additional experienced auditors across the UK.
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