Nearly two weeks after the Public Company Accounting Oversight Board’s audit inspection team cited Deloitte & Touche for audit deficiencies, the oversight body’s report on PricewaterhouseCoopers criticized a number of 2005 audits performed by that Big Four firm.
According to the Wall Street Journal, the audit watchdog’s findings in some nine audits ranged from improper applications of generally accepted accounting principles, to inadequate checks on revenue value, inventory and accounts receivable.
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