PwC Puts Partner Pay on Line in Bid to Boost Faith in Audits (1)

As US chairman of PwC LLP, Tim Ryan said that tying his compensation—and that of other top leaders—to audit quality is smart policy as the firm looks to bolster the market’s confidence in its auditing.

The Big Four firm’s consulting and tax leaders will share the pain of future firmwide cheating scandals, for example, alongside frontline audit partners, who already faced such a financial jeopardy, the US firm said Monday.

PwC has charted out a series of steps that together Ryan argued should strengthen its audit work and investor confidence amid rapid market shifts that could undercut business models ...