- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-03-07T15:31:00
Three of the Big Four audit firms saw increases to the deficiency rates observed in their latest Public Company Accounting Oversight Board (PCAOB) inspection reports, while the fourth had its results redacted.
The reports, published by the PCAOB on Feb. 28, cover the 2022 inspection cycle. For a third straight year, PwC had the lowest deficiency rate among the Big Four, though it jumped from 3.6 percent in 2021 to 9.3 percent.
Deloitte had its rate increase to 17 percent from 13 percent, and EY more than doubled from 21.4 percent in its 2021 inspections to 46.3 percent.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2024-08-20T18:56:00Z By Adrianne Appel
PricewaterhouseCoopers agreed to pay 15 million pounds (U.S. $19.5 million) for failing to report suspicions of fraud taking place at investment firm London Capital & Finance before it collapsed, the Financial Conduct Authority announced.
2024-05-14T15:30:00Z By Kyle Brasseur
The Public Company Accounting Oversight Board adopted two new standards that address key audit areas upon which it was relying on benchmarks established more than 20 years ago.
2024-05-01T15:57:00Z By Kyle Brasseur
The Public Company Accounting Oversight Board published the full results of its 2022 inspection for Big Four firm KPMG after its initial report contained more than two dozen redactions.
2025-02-28T15:45:00Z By Ruth Prickett
Compliance teams should expect more support from their organization’s internal audit functions. That is the clear message from the Institute of Internal Auditors, the global body of national affiliated internal audit institutes, which has just put into action its new Global Internal Audit Standards.
2024-09-16T19:45:00Z By Aaron Nicodemus
Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande.
2024-06-12T01:46:00Z By Kyle Brasseur
Erica Williams was reappointed to a second term as chair of the Public Company Accounting Oversight Board after an ambitious first three years in the role that have seen the agency work to update many of its standards deemed outdated.
Site powered by Webvision Cloud