PwC Taps Former Regulators for Advice to Boost Audit Quality

PwC LLP will lean on three accounting and financial reporting leaders with deep regulatory roots to advise the firm as it tries to bolster the quality of its auditing, the firm said.

The creation of the Assurance Quality Advisory Committee—announced Friday—brings PwC in line with competitors who have created similar groups in response to regulatory pressure. PwC also pledged to bring in independent viewpoints as part of its response to a series of audit and independence lapses that resulted in significant payouts in 2019.

“We’re reinforcing what I’ve ...