The PCAOB hasn't published pandemic period audit inspection results yet but PwC promises nearly zero defects
PwC was in the hot seat after results deteriorated for 2019. But overnight improvements in audit inspection results are not that easy to achieve.
In our teaching case, Corruption in the Auditor Inspection Process: The Case of KPMG and the PCAOB, we asked students to reflect on the dramatic improvement in KPMG’s Public Company Accounting Oversight Board inspection results from 2014 to 2015:
Did any other firm exhibit dramatic improvement in inspection results in a short period? Should the regulator…