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PwC to Limit Consulting Services It Offers to U.S. Audit Clients

PwC's U.S. unit will limit consulting services to audit clients by implementing new policies to strengthen audit quality and avoid conflicts of interest.

PwC's U.S. unit will stop providing certain consulting work to audit clients to avoid conflicts of interest and strengthen audit quality.
PwC plans to implement 12 new policies in the U.S. between 2024 and 2026 to meet growing expectations for auditors.
The change would have no effect on PwC's audit-related or tax work for clients.
PwC's plan aims to bolster fraud detection, expand audit reports, and provide additional training on ethics and fraud.
Other Big Four accounting firms have not announced similar plans to scale back on consulting work for U.S. audit clients.

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