Highly skilled people - Our audit engagements are staffed based on in audit, as well as building the delivery model for innovative, independent, expertise, capabilities and years of experience. the audits of the future – which are expected to objective mindsets - powered Engagement leaders determine the extent of direction, require more types of data, evaluate a broader range by smart technologies supervision and review of junior staff. In order to of information when assessing risks and integrate learn and further develop their skills, team members non-ifnancial information more fully. This additional People at the heart of wha t we do: We aim to obtain feedback on their overall performance, technology investment builds on our ongoing focus recruit, train, develop and retain the best and the including factors related to audit quality such as on quality, supported by rigorous methodology and brightest people who share PwC’s strong sense of technical knowledge, auditing skills and professional training across all lines of service. responsibility for delivering high-quality services. scepticism. Audit quality is an important factor in And to prepare staff and partn ers for the delivery of performance evaluation and career progression quality assurance services, we provide them with decisions for both our partners and staff. access to a comprehensive curriculum of formal learning and technical cours es. During the past yea r, Where appropriate and necessary, our audit teams are we have continued to focus on using this curriculum able to draw on expertise from parts of the network to give PwC’s audit practition ers the opportunity to outside the assurance practice. Audit – especially sharpen their professional ju dgement, scepticism, in today’s data-rich world – requires analysis and and technical and pr ofessional skills. The audit judgement on vast amounts of increasingly diverse curriculum is available to PwC member ifrms in a information. This means that a deep understanding of modular format, allowing them to choose when technologies like data analytics, as well as capabilities they will deliver different portions of the curriculum around the valuation of physical assets and complex and augment it with locally-developed training ifnancial instruments, actuarial calculations, treasury based on local needs, as well as being able to be operations, tax compliance, and many other areas, delivered in a remote format, given the ongoing can all be vital. Being able to bring these skills to bear impacts of the COVID-19 pandemic. The materials on audit work helps strengthen audit quality and the have a variety of designs and formats which all trustworthiness of information used by the consumers follow consistent principles: of ifnancial statements. ■ Focus on practical application Powered by technology: PwC’s new strategy – The New Equation – further enhances our commitment to ■ Simulate on-the-job experiences quality and our use of technology to help deliver it. It includes US$1bn of new investment dedicated to ■ Make use of technology in the classroom/ the accelerated deployment of technology that further virtual classroom where appropriate automates the implementation of quality frameworks