Deficiencies Identified At PwC, Other Auditors
The inspections, conducted in 2010 pursuant to the Sarbanes-Oxley Act, covered 75 audits at PwC and 54 at KPMG. Twenty-eight audits at PwC and 12 at KPMG were found to be deficient.
“Those deficiencies included failures by the firm to identify, or to address appropriately, financial statement misstatements,...
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