In its first inspection report of a Big Four firm in the year 2010, the PCAOB just released its 2009 inspection report of Deloitte & Touche LLP, finding quite a high percentage of errors in the sample of audits selected to be reviewed....
Thursday, May 06, 2010
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The fact that the PCAOB identified issues does not necessarily mean there was an audit error. One could take the other extreme and say there was a 0% error rate as no opinions needed adjustment as a result.
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