The Securities and Exchange Commission requires financial audits of publicly-traded companies precisely because those auditors live or die by their independent judgments of company financial statements. The independent financial auditor is trusted to judge company performance for shareholders, securities brokers and financial regulators by governments all over the world. Likewise, Nike believes trained, professional, local teams of PwC monitors are best positioned to carry out the difficult, tedious, and at times highly technical analysis of financial records and their demonstration of performance against labor law. PwC's most important asset is a reputation for independent and accurate assessment of corporate performance, which is precisely what Nike demands and receives in every report. Monitoring teams are comprised of local, host-country nationals who speak and live in the culture of the worker.
Monitoring covers a range of issues where the teams' financial expertise is particularly effective.