Audit Quality Inspection and Supervision Report

Published on: Jul 19, 2022

Financial Reporting Council

The FRC published its annual inspection and supervision results of the largest audit firms. Overall, 75% of audits inspected were good or required limited improvement (compared to 71% in 2021 and 67% in 2020). The number of audits considered good or requiring limited improvement has improved on the previous two years. Five of the largest firms had no audits requiring significant improvements.


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