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New report on Deloitte shows no change in audit findings

Tammy Whitehouse | December 19, 2017

Audit regulators found problems with 24 percent of the audits they inspected at Deloitte & Touche in 2016, the same number inspectors flagged in 2015.

The Public Company Accounting Oversight Board at last published its report on the inspection it performed in 2016 on 2015 financial statement audits at Deloitte, finding deficiencies in 13 of the 55 audits selected for inspection. That’s the exact same number of audits both inspected and found deficient in 2015 at Deloitte.

The PCAOB’s report says 12 of the 13 deficient audits contained problems with the audit of...

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