Observations
Aug 20, 2024The UK Financial Reporting Council (FRC) recently published its Annual Review of Audit Quality, covering inspection and supervision results for Tier 1 audit firms — including Deloitte, EY, KPMG, PwC, Forvis Mazars, and BDO. While some progress has been made among Big Four firms, the FRC found, the other Tier 1 firms continue to struggle with audit quality.
by Starling Insights, Wayne Byres, Michelle W. Bowman, Charles Randell
Compendium
Feb 14, 2024Observations
Jan 08, 2024In recent years, a spate of scandals and strategic missteps have exposed governance shortcomings in all of the Big 4 accounting and consulting firms. As reported in the Financial Times, this has prompted increased focus on culture and governance in the audit industry, both among the firms and their regulators.
