Category PwC

PwC PCAOB Inspection Report 2023

PCAOB is the regulator for audit firms and it routinely reviews the audit work of firms registered under them. PCAOB reviewed 57 audits performed by PwC in 2023 and the deficiency was 18%.

PwC biggest audit clients

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Here is the list of top 25 clients of PwC in terms of total audit fees in millions. The financials and insurance sector are the major contributor in terms of fees for PwC. IBM is the only non-financial and insurance company in the top 5. These 25 clients together contribute $1.17 billion in audit fees for PwC.

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…

PwC 2021 Global Annual Review

Summary The “New Equation” is the latest buzz word with it being mentioned exactly 30 times in PwC’s 2021 Global Review. In this year’s report PwC reported new information such as net income and taxation. Key items from the review:…

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…