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EY, a Big Four accounting firm, is facing scrutiny after a significant increase in deficiencies found in its US audit business. The firm's PCAOB inspection deficiency rate has surged to 46% from 21% in the previous year, prompting a shake-up. EY's US chair, Julie Boland, described the situation as 'unacceptable.' Regulators discovered flaws in nearly half of the audits inspected, a rate worse than the industry average. This comes as CPA exam numbers hit a 17-year low, raising questions about EY's ability to attract more candidates.
EY aims to shake up US audit business after ‘unacceptable’ number of flaws https://t.co/FrKBnrPXg6
EY's PCAOB inspection deficiency rate has jumped to 46 percent from 21 last year. Reddit reaction: "Sounds like offshoring staff level work is going well!" https://t.co/yG7r8mofi2
EY is shaking up its US audit business after regulators found flaws in almost half the audits they inspected. That's much worse than the Big Four average. EY US chair Julie Boland called it "unacceptable". https://t.co/iHocW57WE0
EY aims to shake up US audit business after ‘unacceptable’ number of flaws https://t.co/thhhMTmEJo
Don't they know we need more accountants https://t.co/wzgQ9F1SID
Do we believe this EY claim? CPA exam numbers are the lowest they've been in 17 years yet EY's somehow getting more of them? [X] https://t.co/UT0WkovjqK