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PCAOB flags increased number of audits at Crowe

Tammy Whitehouse | September 13, 2017

After several years of steadily improving results, Crowe Horwath saw an increase in adverse findings in its latest regulatory inspection.

The Public Company Accounting Oversight Board says it scrutinized portions of 15 different audit files at Crowe Horwath during its 2016 inspection and found problems in five of them for a 33-percent rate of deficiency. In its 2015 inspection of the same firm, the board noted problems with only 3 of 14 audits, or 21 percent. That was a low for the firm itself, and it was a low among the eight largest audit networks in 2015.

The PCAOB’s report on Crowe is the first the board has published for the leading audit firms from its 2016 inspection cycle. During that year, the board... To get the full story, subscribe now.