Trends & benchmarks
The big picture across all PCAOB Part I.A deficiencies. For the “how audits fail” view, start from the audit areas on the home page.
- Reports
- 1,071
- Deficiencies
- 7,142
- Firms
- 597
- Countries
- 50
- Significant risk
- 1,088
- Wrong opinion
- 233
Most common failure modes
How audits fail, across every area. Explore each on its audit-area page.
- Little or no substantive testing1,298
- Accuracy/completeness of client data not tested875
- Estimate assumptions not evaluated855
- Controls not identified or tested827
- Management review controls not fully evaluated623
- Accounting or disclosure treatment not evaluated563
- IT general controls not tested415
- Estimate method, model, or data not evaluated336
- Sample too small or unsupported313
- Other testing deficiency284
- Journal entries / fraud procedures272
- Reliance on a specialist or pricing service256
- Confirmations / alternative procedures200
- Risk assessment25
Top audit areas
Most affected areas. Click to drill in.
- Revenue1,684
- Inventory653
- Business Combinations520
- Allowance for Credit/Loan Losses409
- Accounts Receivable405
- Long-Lived Assets313
- Revenue and Related Accounts241
- Journal Entries206
- Goodwill158
- Certain Assets140
- Investment Securities138
- Deferred Revenue130
- Significant Accounts128
- Intangible Assets117
- Investments115
Deficiencies by firm
Firms with the most Part I.A deficiencies (raw count).
- Ernst & Young LLP499
- KPMG LLP473
- Marcum LLP416
- BDO USA, P.C.333
- Grant Thornton LLP291
- B F Borgers CPA PC274
- PricewaterhouseCoopers LLP253
- BDO USA, LLP184
- RSM US LLP144
- Baker Tilly US, LLP136
Deficiencies by audit type
- Both financial statement and ICFR audits3,452
- Financial statement audit only3,289
- ICFR audit only371
- Integrated (FS + ICFR) audit15
- Financial statement audit15
Deficiencies by global network
- Independent / other4,109
- Ernst & Young Global Limited731
- KPMG International Cooperative661
- BDO International Limited628
- PricewaterhouseCoopers International Limited479
- Grant Thornton International Limited341
- Deloitte Touche Tohmatsu Limited193
Deficiencies by country
Top 10 by number of deficiencies.
- United States5,459
- Canada271
- Hong Kong184
- China157
- India132
- Brazil100
- Israel88
- Mexico87
- Singapore76
- South Africa69