Deloitte

A Push for Audit Quality Could Send Costs Higher

Tammy Whitehouse May 15, 2012

After several large audit firms scored poor marks on their most recent round of audit inspections, many are responding by stepping up their game. They are investing more in training and staff, and planning on giving problem areas more scrutiny—all of which could drive costs higher. "We are doing a number of things differently," says Robert Moritz, chairman of PwC's U.S. operations. More inside.

Fewer Companies Changing Auditors

Tammy Whitehouse January 31, 2012

Fewer companies changed audit firms in 2011, reflecting relative stability in the market for financial reporting. While second-tier audit firms made some inroads, picking up a net gain of 28 audit clients, the Big 4 firms saw little turnover, losing a net of only eight clients. Deloitte experienced the most turnover, with a net loss of 22 clients. More audit change analysis and data inside.

PCAOB Unveils Quality Concerns at Deloitte

Tammy Whitehouse October 17, 2011

The Public Company Accounting Standards Board has taken a swipe at Big 4 accounting firm Deloitte & Touche, publishing criticisms of Deloitte's audit supervision, internal enforcement of procedures, lack of skepticism, training programs, and more, in a recently released report based on problems first uncovered in 2007.

More Who-Gets-Screwed Bailout News

Matt Kelly October 02, 2008

Behind every spectacular corporate meltdown, there's an auditing firm sweating bullets.Little surprise, then, that when the entire financial sector melts down, all four of the Big 4 auditing firms start to sweat. Each one has (or had) at least several clients in the financial sector that have recently been forced...

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Survey of the Week

Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets.