RSM Scores Much Higher Marks in Annual Audit Inspection

RSM US LLP made significant improvement in meeting U.S. audit standards in its latest regulatory performance review.

Inspectors with the Public Company Accounting Oversight Board noted violations of its rules in just 5 out of 17 RSM audits reviewed, according to the firm’s 2018 inspection report. The previous year, the firm, among the 10 largest in the U.S., had dozens of rule violations across 11 of its 15 audits that were inspected.

Inspections serve as the backbone of the board’s oversight of the audit industry and its mission to improve audit quality. The largest U.S. firms are ...