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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…
Aug 14
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Claudine Cassar
1
1
While KPMG Australia dominated the global headlines, South Africa barred a former partner from auditing for life
Junior auditors escalated a R700m cash discrepancy at VBS Bank. The partner signed a clean opinion anyway — and has now been permanently barred from…
Aug 12
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Claudine Cassar
4
2
Mauro Botta on PwC, PCAOB inspections and the audit file problem
The auditor who blew the whistle on PwC discusses audit independence, internal controls, whistleblower risk, and whether regulators can see beyond the…
Aug 10
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Claudine Cassar
2
1
Timeline: How the SEC and PCAOB are quietly redrawing US audit oversight
From repeated proposals to fold the PCAOB into the SEC to a new specialist enforcement unit, US audit oversight appears to be moving towards a different…
Aug 6
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Claudine Cassar
1
PwC completes the Big Four set of AI hallucination failures
Every Big Four brand has now published reports containing fabricated or unsupported material, exposing a widening gap between the pressure to adopt AI…
Aug 5
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Claudine Cassar
3
The whistleblower’s paradox: when professional services firms protect the wrong people
A guest essay by Josef Pilger, a former EY Global Pension and Retirement Leader with more than 30 years of international experience across governance…
Aug 3
A tale of two emails: what they reveal about KPMG Australia’s culture
One asked for confidential client information. The other tried to stop it. What happened next reveals KPMG Australia’s culture
Jul 31
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Claudine Cassar
1
1
EY and Audit Partner Fined £1.25m Over Made.com Audit Failures
The UK regulator found that the 2021 audit failed to challenge management’s going-concern forecasts adequately or obtain sufficient evidence supporting…
Jul 30
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Claudine Cassar
KPMG International reviews French firm amid governance crisis
The reported intervention follows ethics complaints, shareholder disputes and the removal of two management-board members as tensions intensify inside…
Jul 29
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Claudine Cassar
ASIC warns 2,900 auditors of tougher enforcement after KPMG scandal
ASIC’s warning to individual auditors comes as Treasury revives a wider reform programme—first launched after the PwC tax-leaks scandal and accelerated…
Jul 28
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Claudine Cassar
Dennis Beresford on the stock-options battle that tested FASB’s independence
Former FASB chairman on corporate pressure, the surprising reversal of the major accounting firms, and the power of clients to influence accounting…
Jul 27
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Claudine Cassar
AI governance in audit: Wayne Banks on what firms must do to protect trust
Chartered accountant and former global CFO Wayne Banks talks to Claudine Cassar about Big Four AI adoption, board accountability, client data and the…
Jul 26
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