The Public Company Accounting Oversight Board (PCAOB) published the full results of its 2022 inspection for Big Four firm KPMG after its initial report contained more than two dozen redactions.

The amended report, made available by the PCAOB on Friday, replaces the original published in February. At that time, the redactions raised eyebrows in the audit community as an atypical move undertaken by the regulator.

Though the full report does not address why the initial report contained redactions, it does identify a 29.6 percent deficiency rate observed among 54 KPMG audits reviewed during the 2022 inspection cycle. That figure places KPMG in the middle of the pack among its Big Four counterparts, behind PwC (9.3 percent) and Deloitte (17 percent) but ahead of EY (46.3 percent).

The rate is a slight year-over-year increase for KPMG after decline over its three previous inspection cycles.

“[W]e are committed to a continuous improvement mindset and have made significant and important changes in the execution of our audits in the past several years,” said the firm in its report response. “These changes have strengthened our audits. And we are focused on being a market leader in the profession.”

Problem areas for KPMG identified by the PCAOB in its inspections included testing related to a significant account or disclosure or to address an identified risk and the obtaining of sufficient evidence as a result of overreliance on controls. Audit areas with multiple deficiencies observed included revenue and related accounts (six), deposit liabilities (two), and inventory (two).

The redactions in the initial report might have been related to an unnamed issuer in information technology where the KPMG audit identified a single deficiency related to income taxes. Of the issuer audits detailed in the initial report, that issuer’s was the only one redacted.

The PCAOB on Tuesday published its 2022 inspection results for KPMG UK, which included no deficiencies observed among three audits reviewed.