The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems found during an audit inspection. This is the third time in a row that the inspections team identified QC deficiencies.
The latest criticisms are in a report made public on March 12, 2025, and the findings are from the 2020 inspection cycle. The previous criticisms are from 2019 and 2018 inspections.
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