PwC global chief says Sarbox and the Eighth directive have changed the firm's approach to its work
The Eighth Directive and Sarbanes-Oxley have forced PwC to rethink its business model, Samuel DiPiazza, the firm's global CEO, has said.
Speaking in advance of the Global Economic Forum in Davos later this month, said: 'The Eighth Law Directive and Sarbanes-Oxley have forced us to re-think long-standing assumptions about our business model - including the way we serve clients, identify and mitigate risk, and manage our global network.
'The challenge is to translate our substantial risk and compliance efforts into opportunities that generate competitive advantage by continually improving quality and enhancing value, not merely reacting to mandated activity.'
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