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BDO USA, Crowe Horwath Get Varied PCAOB Inspection Results

Tammy Whitehouse | December 3, 2014

The Public Company Accounting Oversight Board has published its latest inspection findings for two more major firms—BDO USA and Crowe Horwath—giving the firms much different marks for their audit work in 2013.

At BDO USA, inspectors dug into 23 audit files and found deficiencies in 15 of those, or 65 percent. That’s an increase compared with inspectors’ finding of 11 problem audits out of 20 scrutinized, or 55 percent, in the firm’s 2012 inspection. At Crowe Horwath, on the other hand, inspectors checked only 13 audits and found problems in five of them, or 38 percent. And for that firm, that represents an improvement over the ...

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