This report provides insight into how PwC Norway’s audit practice works to ensure quality in the audit
Transparency Report 2026
Welcome to our 2026 Transparency Report
At PwC, quality comes first.
The trust placed in us by investors, boards, regulators, employees and wider society is built on the quality of the work we perform every day. As auditors, lawyers and advisers, we play an important role in supporting confi dence in reporting, capital markets and business. This important role shapes how we lead our business, invest in our people and embrace new technologies.
The past year has been characterised by significant change for PwC Norway. Following the demerger of a significant part of our audit business serving smaller enterprises, we have entered a new chapter as a more focused firm helping organisations across the Norwegian economy navigate increasing complexity, transformation and trust requirements. While our struc ture has changed, our purpose remains unchanged: to build trust in society and solve important problems.
Equally important, our commitment to quality remains at the centre of every decision we make.
At the same time, we are experiencing the most major technological development in modern professional services. Artificial intelligence is changing the way organisations operate and how services are delivered and enabling the development of entirely new services and solutions. This has led to discussions about the future of the profession and the opportunities available to the next generation entering the labour market.
We do not see a future where technology replaces people. We see a future where technology enables people to perform at an even higher level.
Artificial intelligence has the potential to strengthen the quality of our services by helping us analyse larger volumes of information, identify risks more effectively and focus our attention on areas where professional expertise and judgment create the greatest value. Used responsibly, technology allows our people to spend less time on repetitive activities and more time exercising professional scepticism, critical thinking and client insight. These capabilities will remain fundamental to high-quality audits and assurance services.
For that reason, we continue to invest significantly in our people. We remain one of Norway’s largest recruiters of graduates and young professionals and continue to see strong interest in careers at PwC. Developing the skills required in a technol ogy-enabled profession is a key priority for us, and we are committed to creating an environment where talented people can learn, develop, and build long-term careers.
Our confidence in the future is reflected not only in our recruitment activity, but also in our continued investment in our business. We are expanding our physical capacity through a new office building in Oslo designed to support collaboration, learning and innovation. These investments reflect our belief that the future of our profession will be defined by the combination of talented people, strong cultures and responsible use of technology.
Technology will continue to transform how we work. However, trust is built by people. Quality is delivered by people. Our role is to ensure that technology strengthens both. In this Transparency Report, we describe how we maintain and continuously improve quality across our organisation. We remain committed to earning and maintaining the trust placed in us through high-quality work, professional integrity and responsible innovation.
Thomas Fraurud, Chief Executive Officer
Thomas Fraurud, Chief Executive Officer, PwC Norway