As part of the settlement agreements, PwC must pay $200,000 to the Canadian Public Accountability Board (CPAB) and a further $750,000 to the US Public Company Accounting Oversight Board (PCAOB).
“While we believe there has been no impact or compromise on the quality of our audits, as evidenced by our current inspection results, we expect more from everyone else in our firm. We all to PwC Canada Must live up to their values and purpose consistently in order to be recognized as the best in professional services who provide the highest quality work,” says Marcoux.
In June 2021, PwC announced it was investing US$12 billion over five years to create more than 100,000 net new jobs.
The CPAB says that between at least 2016 and the beginning of 2020, 1,200 PwC workers shared answers by providing and receiving tests for mandatory internal training courses, which cover learning topics such as auditing, accounting and professional independence. We do.
Specifically, workers had access to a shared drive that included answers to at least 46 of the organization’s approximately 55 mandatory assurance tests, as well as answers to some mandatory company-wide tests containing material related to professional integrity and professional independence. were also.