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Pan-European database on inspections of audit firms has been launched
Independent audit regulators from 27 European Countries have launched a common database to collect and exchange their findings from the inspections of audit firms. The non-public database will contain inspection findings in relation to the ten largest European networks of audit firms (PwC, KPMG, Deloitte, EY, BDO, Grant Thornton, Nexia, Baker Tilly, Mazars, Moore Stephens).
Inspections of audit firms of Public Interest Entities (usually listed companies, but also banks and insurance companies) are performed on a recurring basis and are undertaken with the objective of improving the quality of audits. They generally include a review of the audit firms’ internal quality...
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