“Problem audits” aren’t just a U.S. problem.
Big accounting firms are producing deficient audits around the world, according to a new survey of 30 countries’ audit regulators—mirroring the experience in the U.S., where regulators have found deficiencies in more than a third of audits by major accounting firms that they have inspected in recent years.
This is from the Wall Street Journal’s April 10, 2014 edition: