All Inspection Report articles
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ArticleRegulators globally still call for better audits
While encouraged by the trend in audit inspection results, global audit regulators report they are still seeing levels of audit deficiency that command continued focus on improvement.
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ArticlePCAOB inspectors find recurring problems, but evidence of effort
Auditors are still struggling with many of the same issues that have appeared prominently in inspection reports the past several years—but many firms are taking steps to address recurring problems, audit regulators say.
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Blog
PCAOB report gives Deloitte its lowest deficiency rate
Deloitte & Touche’s recently published 2017 audit inspection report reflects the lowest deficiency rate the firm has ever earned.
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Blog
Third ex-KPMG partner pleads guilty in inspection leak
A third ex-KPMG partner has consented to a guilty plea in connection with charges of fraud and conspiracy in regulatory inspections.
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Blog
Ex-KPMG leader pleads guilty in inspection leak case
A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.
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Blog
PCAOB calls out two-thirds of audits at BDO USA
The PCAOB has handed BDO USA another scathing inspection report, finding 67 percent of the audits examined in 2016 failed to comply with standards.
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Blog
One Big 4 firm grows client base, others lose, data says
For the third straight year, one Big 4 firm has held steady or grown its number of public company audit engagements while the other three have lost ground.
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Blog
PCAOB delivers improved report card on Grant Thornton
Grant Thornton's latest PCAOB inspection report, dating to 2016, shows improvement over prior year results.
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Blog
New report on Deloitte shows no change in audit findings
Audit regulators found problems with 24 percent of the audits they inspected at Deloitte in 2016, the same number inspectors flagged in 2015.
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Blog
PCAOB flags increased number of audits at Crowe
After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest PCAOB inspection report.
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Blog
PCAOB inspection findings rise at Grant Thornton
While audit inspection findings across the major firms generally improved in the most recently reported year, such was not the case at Grant Thornton.
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Blog
McGladrey Sees Improvement in 2013 Inspection Report
Oct. 24—While KPMG was dinged by the PCAOB, McGladrey saw some improvement. The PCAOB studied 13 audits at McGladrey and found fault with four of them during its 2013 inspections of the firm. That deficiency rate of 31 percent is a step up from failure rates of 44 percent in ...
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Blog
KPMG Draws Ire in 2013 Report; New Carping Over Old Quality Issues
The Public Company Accounting Oversight Board says KPMG failed to arrive at an adequately supported audit opinion in 46 percent of the audits the agency inspected in 2013, and it failed to satisfy quality control issues raised in earlier inspections. The PCAOB flagged 23 of the 50 audits that inspectors ...