The International Forum of Independent Audit Regulators has released a global survey of audit inspection findings, identifying some of the most common problems that regulators have identified at auditing firms around the world during their inspections.
The report is the first global survey tying together the findings of the U.S. Public Company Accounting Oversight Board with its counterparts in other parts of the world. The survey was designed to identify the level of inspection activity among IFIAR members and common findings from their inspections of audits of public companies. The survey also responds to a request from the Financial Stability Board to provide details of findings from the inspections of audits of major financial institutions.
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