US audit watchdog criticises a number of PwC audits just weeks after slamming Deloitte for audit deficiencies
The Public Accounting Oversight Board has criticised PricewaterhouseCoopers and Deloitte over audit deficiencies after undertaking audit inspections of the firms.
According to the Wall Street Journal the US audit watchdog had criticised both firms for audits conducted in 2005. The PCAOB said that Deloitte had failed to obtain sufficient evidence to back up decisions in a number of audits of public companies.
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