Staff Update and Preview of 2022 Inspection Observations

Published on: Jul 24, 2023

This report presents aggregate observations from the PCAOB’s inspections of certain public company audits conducted by 157 audit firms in 2022. PCAOB staff expects approximately 40% of the audits reviewed will have one or more deficiencies that will be included in Part I.A of the individual audit firm’s inspection report, up from 34% in 2021 and 29% in 2020.

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