Bob Moritz, chairman of PricewaterhouseCoopers LLP since July 2009, sat down with Accounting Today on Friday to discuss some of the issues facing the accounting profession and how PwC has been adapting to changes in the economy and accounting, as well as his encounter with Michelle Obama when handing her the envelope for the Academy Awards.
He sees pricing pressures in the profession, in addition to regulatory pressures. “Every organization that operates in a regulatory environment has got regulatory concerns,” he noted. “What the accounting and auditing profession is struggling with is how can we get more certainty around the expectations that the regulators have, around the right amount of audit evidence, the right policies and procedures to take, to make sure that we have clear communications around expectations that they have on us.”
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