Weekend Feb 21, 2021
Here is a link to the 2019 PCAOB Audit Inspection Reports for Large Firms. Notably the internal control section is the most frequent problem.
Why is it that such big firms cannot get this right, surely not for lack of resources!
https://www.auditupdate.com/post/2019-pcaob-large-firm-inspection-reports
and here is a link to a useful bi monthly newsletter
Daniel Goelzer is a retired partner in the law firm of Baker McKenzie. He is a member of the Sustainability Accounting Standards Board and advises a Big Four accounting firm on audit quality issues.
From 2002 to 2012, Dan was a member of the Public Company Accounting Oversight Board and served as Acting PCAOB Chair from August 2009 through January 2011. From 1983 to 1990, he was General Counsel of the Securities and Exchange Commission. Mr. Goelzer is a CPA and a lawyer.
He prepares a bi-monthly newsletter, Audit Committee and Auditor Oversight Update, which focuses on issues relevant to audit committees, auditors, and their professional advisors:
https://www.auditupdate.com/audit-update-archive
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