Our 2025 report illustrates how Crowe is organized, operated, and monitored with respect to audit quality for audit committees, boards of directors, shareholders, regulators, investors, and other capital market stakeholders.
A message to our stakeholders
At Crowe, quality is our way. Both our obligation to uphold the integrity of the financial markets and our commitment to doing our job the right way – The Crowe Way – are rooted in quality. The Crowe Way is how we live our values of care, trust, courage, and stewardship – doing the right things, at the right times, for the right reasons. It’s not aspirational; it’s a tactical application of how we do our work and treat our people and our clients every day. We care for our clients by listening and leading with empathy, even when delivering difficult news. We care for our people by providing them the training and support to carry out their work with integrity and objectivity. We know that trust is foundational to our profession, which is why we work as a team to give our best every time, being honest and open with our clients and our regulators. We have the courage to engage in tough conversations, focusing on our commitment to do the right thing, even when it’s hard. The Crowe Way is also how we practice stewardship of the profession, taking responsibility for putting the right resources in the right places and embracing positive change along the way.
With a commitment to quality, our auditors apply the ethics, integrity, and expertise needed to perform quality audits. Our systems are designed to foster ongoing growth and development for our people.
Quality is not a destination – it is our way, the guide along our path to continual improvement. As part of that journey, we are constantly evaluating and enhancing our processes and technologies to keep pace with evolving standards, regulations, and markets.
1,435 audit professionals
33% Staff
28% Senior staff
25% Senior manager and manager
12% Partner
1% Managing director
24 years: Partners’ average years of experience*
* Includes audit, firm quality, and national office partners
Leadership sets the tone for the importance of consistently enhancing audit quality.
Average retention of audit, firm quality, and national office professionals
Recruiting, developing, and retaining professionals is essential to providing audits of consistent quality.
90% Senior manager
77% Manager
74% Senior staff and staff
41: Average annual training hours completed per audit, firm quality, and national office professional*
*Based on 2024 calenda data
Aligning with QC1000 enhances our audit quality
The Public Company Accounting Oversight Board’s new quality control standard, QC1000, will become effective Dec. 15, 2026, introducing significant structural and procedural shifts for firms auditing 100 or more issuers. Among the key changes are the establishment of an external quality control function, the requirement for an automated system to track investments for independence, and in-process engagement monitoring. In response, we have launched a comprehensive implementation project to operationalize the standard across our audit team, including aligning our risk assessment, which currently is designed to comply with the International Standard on Quality Management, to also align with QC1000.
This project includes implementing new processes as well as updating current processes tied to engagement performance, client acceptance, governance and leadership, resource deployment, communication protocols, and ethics and independence. Looking ahead, we will revise our monitoring, remediation, and evaluation systems in 2027 to meet the Sept. 30, 2027, evaluation and reporting requirements. This work positions us to implement the new standard while enhancing the consistency and resilience of our audit quality controls.
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