Frequency of PCAOB Audit Standards Referenced in Big Four 2023 Inspection Reports

This bar chart showcases how often PCAOB audit standards are mentioned in Big Four 2023 inspection reports. Key standards frequently highlighted include AS 2201, which deals with internal control over financial reporting, AS 2301, focusing on responses to risks of material misstatement, and AS 1105, concerning audit evidence.

These references point to consistent areas needing improvement, such as control testing, risk response strategies, and evidence collection.