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.