PwC Australia publishes inaugural Annual Report, including audited financial statements and a remuneration report

• The publication of the Annual Report, complete with audited financial statements and a remuneration report, marks a significant milestone for the firm and its commitment to transparency.  

• The Annual Report documents the firm’s progress across leadership, culture and governance during the 2024 calendar year.   

• The Report details the steps the firm is taking to enhance support for clients, provide our people with the latest developments in artificial intelligence and strengthen relationships with Alliance partners.   

AUSTRALIA – PwC Australia has published its inaugural Annual Report, including audited financial statements and a remuneration report. The report outlines the firm’s progress across key financial, cultural and community metrics, as well as its alignment with ASX Corporate Governance Principles, to the extent applicable to a partnership.  

This completes the implementation of a key action from the firm’s Commitments to Change Action Plan, which was independently assessed by Webb Henderson and published externally in May. 

PwC Australia CEO Kevin Burrowes said this marks a positive milestone for the firm and reflects PwC’s commitment to transparency.  

“In a period of change, growth and reform, we have set the foundations for a firm that is well-managed, grounded in ethics and integrity, with culture at our core,” Mr Burrowes said.  

“Publishing this Annual Report, with audited financial statements and a remuneration report, is a moment we can all be proud of. We are delivering a new level of transparency for the firm, giving our clients, people and stakeholders an unprecedented level of knowledge around our firm’s performance, governance and operations.  

“This Annual Report reflects a year of progress for PwC Australia. We introduced major governance reforms, armed our people with the latest developments in artificial intelligence and launched a new strategy that puts culture at the heart. These are all important steps, as we seek to realise our vision of becoming the pre-eminent professional services firm,” he said.  

PwC Australia’s independent Governance Board Chair John M. Green said the adoption of the ASX Corporate Governance Principles, where applicable for a partnership, is a significant step forward for the firm and builds on the positive governance reform measures already in train. 

“I am particularly impressed with the way the firm’s Governance Board partner members are working with our independent non-executives to challenge the status quo and each other. The diversity of thought has led to great boardroom discussions and new ideas,” Mr Green said.  

“Together with my Governance Board colleagues, I look forward to continuing to bring energy and aspiration to the firm’s positive agenda in the year ahead,” he said.  

You can read the Annual Report, including the firm’s audited financial statements and remuneration report, here.