U.K. Fines KPMG $4M for Audit Deficiencies
The firm admitted its audits of scandal-plagued Quindell plc fell “significantly short” of professional standards.
Audit Flaws Up for Deloitte, Down for PwC
The PCAOB's annual inspections find deficiencies in 24% of a sample of Deloitte audits and 22% of PwC's.
Audit Deficiencies Linked to M&A Surge
Nearly half of all fair value measurement audit deficiencies were linked to mergers and acquisitions in 2013, says an analysis of PCAOB data.
Audit Firms to Pay $318K Over Microcap Fraud
De Joya Griffith and M&K CPAS were accused of defectively auditing the financial statements of purported mining companies.
Florida CPA Accused of Faulty Audits of 8 Firms
The SEC says Terry Johnson's audits had so many deficiencies they "amounted to no audits at all."
BDO to Pay $2.1Million Over Deficient Audits
The SEC alleges the big accounting firm ignored red flags in signing off on the financial statements of an employment staffing company.