Forvis Mazars LLP struggled with auditing financial sector clients, failing to meet basic US standards in 90% of audits picked for review, according to its latest regulatory inspection results.
The firm failed to meet basic standards in nine out 10 audits pulled for inspection, according to a report from the US Public Company Accounting Oversight Board. The results cover audits for 2022 financial statements that predate Forvis’ 2024 merger with Mazars’ US arm, and were included in a batch of 17 inspection reports the board published on Monday.
Forvis Mazars is committed to “upholding the highest quality standards,” the mid-tier ...
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