PCAOB removes redactions on 2022 KPMG inspection
By 
Kyle Brasseur2024-05-01T15:57:00
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).
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