PwC looks to recruit 500 extra auditors to deliver top audits

Professional services firm PwC UK is recruiting 500 additional experienced auditors across the UK.

The recruitment drive is a part of a package of measures to ensure it delivers consistently high-quality audits.

Some of the measures announced also include:

  • Committing an additional £30m annually, targeted at training, people and technology initiatives
  • Doubling the face-to-face training programme for all experienced auditors
  • Creating a new national digital audit team, focused on developing and applying innovative technologies to help drive audit quality
  • Commissioning an independent paper from Karthik Ramanna, professor of business & public policy at the University of Oxford’s Blavatnik School of Government, on what a culture of challenge means for auditors in 2019
  • Creating a practice solely focused on external audit and strengthening its governance with independent non-executives
  • Undertaking a comprehensive review of the entities audited to ensure the group achieves a return that allows continual investment in and focus on quality
  • Increasing by two-thirds the number of specialists in the group’s audit quality control team.

PwC UK head of audit Hemione Hudson said: “It is right to continually review how our audit practice operates to ensure we are focused on conducting the most challenging and objective audits. These actions will ensure more consistent audit quality and increased transparency, while at the same time strengthening our market resilience.”

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

Woodrow Mercer Finance rebrands as Headstar following MBO

The management team at Leeds-based Woodrow Mercer Finance has carried out a management buy-out of the firm.

Contracts 30 November 2020

Whiterock Finance backs staffing specialist Artemis

Whiterock Finance has announced its first-ever equity investment by backing specialist recruiter Artemis Human Capital.

17 November 2020

APPOINTMENTS: 16-20 NOVEMBER 2020

This week’s appointments include: Cooper Lomaz, Eames Consulting Group, New Street Consulting Group, The Good Board, Tiger Recruitment

People 17 November 2020

NEW TO THE MARKET: 9-13 NOVEMBER 2020

This week’s new launches include: Finatal Private Equity, Frontline Recruitment, RecruitmentJunky

New to Market 10 November 2020
Top