We are expected, both by law and morally, to be compliant with the rules and policies that apply to us and to be independent of our clients as far as our interests are concerned. You have to be and stay objective in front of your clients avoiding any potential conflict of interest.
Do you hold financial interests or shares?
Staff and their immediate family members may hold financial interests and/or shares in audit clients of PwC firms worldwide as long as they do not provide any services to such clients and related entities thereof.
This also applies for vested shares out of an employee compensation plan from a former employer, for shares invested in on your behalf via an asset manager (asset management arrangement with a bank or other discretionary arrangement), and in case of savings related products such as pillar 3-arrangements. Partners may not hold financial interests in any audit client of PwC’s.
Do you hold any external activities outside of PwC?
PwC partners and staff must not assume external activities whether for clients or non-clients, but exceptions may (but will not necessarily) be granted in certain cases subject to conditions. External activities include external appointments (also called mandates) and other recurring activities at third parties. Such activities would include, for example serving as a director/officer or in any other executive or non-executive position of influence, advisory board mandates, self-employments, political mandates, secondary employments or recurring private volunteering activities.
Do you have close relationships with persons in an executive position at a PwC client you will work for?
You may provide services to a PwC audit client only if you have no close personal or family relationship with persons in an executive position or in a financial oversight position.
Do you have bank or insurance contracts with audit clients of PwC that are not concluded under normal commercial terms?
You may provide services to a PwC audit client only if your business relationships are concluded under normal commercial terms. Additional restrictions may apply to so called SEC clients.
In case of doubt, please contact the Recruitment team.
