All Audit Quality articles – Page 3
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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 ...
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Article
Here We Go Again: Regulators Looking Anew at Audit Firm Consulting
Image: Title: TurnerRegulators are taking a fresh look at whether the quality of public company audits is threatened when audit firms also focus on selling consulting services. Revenue from audit services has remained flat, while revenue from consulting services is rising again. “They’re driven by the fact that management is ...
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