Question: On how many financial statement audits did the PCAOB identify audit deficiencies? (Note: The inspection report will use the term issuer to refer to

On how many financial statement audits did the PCAOB identify audit deficiencies?

On how many financial statement audits did the PCAOB identify audit deficiencies? (Note: The inspection report will use the term "issuer" to refer to each financial statement audit where deficiencies arose). Calculate the percent of audits inspected with deficiencies. How would you interpret this percentage? Is this percentage concerning to you? Why or why not.

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