Audit quality improved in 2024
Deficiencies dropped to 39% from 46% in 2023.
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Deficiencies dropped to 39% from 46% in 2023.
An industry study says they’ll likely go up.
The “apprenticeship culture” in audit firms has been weakened, a PCAOB study finds.
Layoffs come despite doubling revenue growth and plans to expand its audit business.
PwC calls its audit of real estate firm “below the standards we expect.”
The tougher audit standard requires firms to address quality control risks.
Market share is less important than better audits, firm said.
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