Auditing Standard No. 10

PwC to Require More Robust Review and Supervision of Auditors, Although “Minimum Supervision” Still Has Its Place (in Court)

Last month, the PCAOB released its 2011 inspection report for PwC. With a 41% deficiency rate for the 60 audits inspected, it's safe to assume that the firm wishes it could have put up a better number. As we noted at the time, Papa Whiskey Charlie encouraged the PCAOB to step up its game a […]