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Audit Quality

KPMG asked for the AI dividend. Now its clients want one too
KPMG cited AI efficiency to push for a cheaper audit. Its 14% fee cut is now a talking point for Big Four clients — and a pricing problem.
 • Claudine Cassar
Part 2 — £1.8 billion and borrowed trust: the limits of institutional oversight
What the MFS collapse reveals about fragmented assurance, divided responsibility and the gaps between auditors, banks, a Security Agent, and regulators.
 • Abdelhamid Taha
Deloitte’s Mars FX audits face fresh scrutiny after court authorises subpoenas
Mars FX representatives can now seek Deloitte records in the Cayman Islands, while an investor challenges four years of clean audit opinions.
 • Claudine Cassar
Big Four split over Australia’s 20-year auditor rotation plan
PwC and Deloitte oppose mandatory rotation; KPMG and EY favour a softer “comply or explain” regime.
 • Claudine Cassar
The Big Four helped build the climate-reporting market. Can they independently audit it?
A 16-state challenge asks whether the Big Four can remain independent while supporting climate reporting — and selling services around it.
 • Claudine Cassar
Macquarie drops KPMG as future auditor, citing capacity and culture concerns
Macquarie will retain PwC after concluding that departures from KPMG’s proposed audit team and concerns about the firm’s culture have undermined its…
 • Claudine Cassar
EY US to keep assurance interns for up to a year as AI reshapes entry-level audit
New Career Residency will let selected interns work part-time while completing college — with successful participants potentially joining EY in an…
 • Claudine Cassar
KPMG completes Tether’s first full audit — but the audited accounts remain private
KPMG has issued an unqualified opinion on Tether’s 2025 financial statements, ending a years-long wait for a full audit. But neither the statements nor…
 • Claudine Cassar
Macquarie could reconsider KPMG audit appointment after confidentiality scandal
Macquarie is seeking assurances that confidential information from other audit clients was not used to help KPMG win the A$75 million-a-year mandate
 • Claudine Cassar
EY achieves best-ever PCAOB inspection results: 5% deficiency rate in 2025
EY cut its PCAOB Part I.A audit deficiency rate from 28% to 5% in 2025, matching Deloitte and leading the Big Four. Full analysis of the latest…
 • Claudine Cassar
EY emerges as likely Anthropic auditor as rival Big Four firms deepen AI ties
The Financial Times says the evidence points towards EY as Anthropic’s auditor, as commercial relationships between the AI company and Deloitte, PwC and…
 • Claudine Cassar
PwC tells PCAOB to make AI in audit its “foremost priority”
The firm is urging the US audit regulator to issue guidance on AI, identifying risks ranging from automation bias and unreliable audit evidence to the…
 • Claudine Cassar
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