The PCAOB continues tearing through audit firms like a Texas twister on a random Tuesday during tax season, as it unleashed its fury on McGladrey yesterday. How bad was it? Well, Deloitte can certainly feel better about itself. The Board reported deficiencies in nine of the nineteen (~47%) audits inspected. Deloitte, if you remember, had deficiencies in 26 out of 58 (~45%) of the audits inspected, worst of the Big 4, but Mickey G's has managed to top everyone by creeping even closer to the 50% barrier. Here's the full coroner's report for some bedtime reading that will give the audit wonks nightmares:
[via Compliance Week]
