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EY Shows Improvement in Latest Inspection Report

Tammy Whitehouse | June 30, 2015

EY earned a 36-percent deficiency rating in its latest audit inspection report, with the majority of the busted audits showing problems in both the financial statement audit and the audit of internal control over financial reporting.

The Public Company Accounting Oversight Board’s report on its 2014 inspection of EY shows inspectors pored over portions of 56 audit files and found what it considered to be deficiencies in 20 of them, or 36 percent. That’s an improvement for EY over its Big 4 record high failure rate of 49 percent in 2013, but not enough to beat...

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