The quality of audits by large US firms is continuing to improve, early data from the latest regulatory inspections suggest.
While the Public Company Accounting Oversight Board is still reviewing work by six US audit firms that are part of global networks, preliminary results show a decrease in audit flaws compared to 2024, George Botic, acting chair of the board, said Thursday in remarks before an investor advisory group.
The early data indicate that “efforts by these firms during the past few years are positively impacting audit quality,” Botic told the group.
- Botic referred to “Part I.A” deficiencies, ...