Audit Board Opens Probe Into Culture at Six Top US Firms

The culture at six of the largest US audit firms is under scrutiny as their regulator aims to understand how firm leadership and internal policies might hinder their work vetting corporate revenue and balance sheets.

The review will be part of the six firms’ routine inspections and will extend through 2024, Christine Gunia, acting inspections director at the Public Company Accounting Oversight Board, said Wednesday. The firms facing heightened attention from the board are Deloitte LLP, Ernst & Young LLP, KPMG LLP, and PwC LLP, plus BDO USA P.C. and Grant Thornton LLP.

Source: Audit Board Opens Probe Into Culture at Six Top US Firms