Question: https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/inspections/reports/documents/104-2021-153-kpmg.pdf?sfvrsn=4a2b8d8a_4 Review the report and answer the following questions:- 1- In 2020, what was the audit area where the most I.A. deficiencies were found? How

https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/inspections/reports/documents/104-2021-153-kpmg.pdf?sfvrsn=4a2b8d8a_4

Review the report and answer the following questions:-

1- In 2020, what was the audit area where the most I.A. deficiencies were found? How does this compare to prior years?

2- In 2020, were there any Part I.B. deficiencies noted by the PCAOB in the report? If so, provide a short explanation of these deficiencies.

3- What observations would you make about the audit quality at KPMG after reading the report?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!