Category EY

EY PCAOB Inspection report 2023

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The PCAOB’s 2023 inspection of Ernst & Young LLP (EY) revealed that out of 59 audits inspected, 22 had Part I.A deficiencies. This was a slight improvement from 2022, where 25 out of 54 audits had deficiencies. In 2021, 12 out of 56 audits had Part I.A deficiencies.

Top Indian Companies and their Auditors

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The Indian accounting landscape is primarily regulated by the Institute of Chartered Accountants of India (ICAI). The ICAI sets standards and guidelines for accounting and auditing practices. As of recent estimates, India has over 400,000 Chartered Accountants (CAs).

PCAOB 2020 Inspection Reports

The 2020 inspection reports sprung a lot of surprises. PwC led the big4 firms with only 1 deficiency out of the 52 audits inspected. Deloitte had 2 deficiencies out of the 53 audits reviewed. The detailed summary of Part I…

EY 2021 Global Review

EY published its annual review report in September. Global revenues increased by 4% to $40 billion. Revenues for FY 20 was $37.2 billion. The region-wise breakdown of revenue is as follows: Region FY19 FY20 change in local currency FY21 change…

Top Audit Firms in India

In India, regulations do not permit foreign auditing firms to operate. Hence KPMG carries out audits in India under the name of BSR & Co, an auditing firm that it bought. BSR & Co was an auditing firm founded by…