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Early 2015 Inspection Results Hint to Some Improvements

Tammy Whitehouse | November 17, 2015

With 2015 audit inspection field work wrapping up, it looks like the overall number of deficiencies called out by inspectors may fall for the larger firms, but not across every large firm.

Doty-James-Updated2That’s the early assessment from Jim Doty, chairman of the Public Company Accounting Oversight Board, which he shared recently with the board’s Standing Advisory Group. “Overall early results indicate that the number of deficiencies identified in the engagements inspected appears to be declining from the 2014 inspections results,” he said. “These results vary for each firm, and not all firms saw a reduction in deficiencies.”

Doty said...

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