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Charts: Exclusive analysis of audit inspection reports

Tammy Whitehouse | March 19, 2019

The Public Company Accounting Oversight Board publishes inspection reports on the largest firms annually. After several years of reporting, the board has steadily increased the amount of data it provides in each report. Over time, the reports are beginning to reveal differences in how the largest firms have adapted to the new regulatory regime.

The following tables, compiled by Columnist  Tammy Whitehouse, summarize audit deficiencies across the six largest firms from 2009 to 2016, the last year for which complete data is available for those firms.

A separate table below shows a selection of the increasing data that is available on the inspection of audits of internal control over financial reporting, the most common problem area identified in inspection reports across the major firms in recent years. Under inspection rules, quality control criticisms are not published in inspection reports unless a firm fails to address those criticisms to the board’s satisfaction...

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