The Public Company Accounting Oversight Board (PCAOB) issued 2018 inspection reports on June 1 for the six largest U.S. audit firms, including each of the Big Four, BDO, and Grant Thornton.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....