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%.
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…
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:…
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…