KPMG Slated to Post Best Audit Inspection Report in 15 Years

KPMG LLP may have finally cracked the code on delivering better audits to investors: Giving its staff more time to do their work and ensure they increasingly have weekends off during the busy corporate filing season.

Those steps have led the US accounting firm to expect its best annual inspection results in 15 years with a deficiency rate of 20%.

The Public Company Accounting Oversight Board, which regulates US audit firms, hasn’t released its 2024 annual assessment yet. The firm touted the improved inspection findings in an annual report on its audit practice released on Thursday.

“It turned out that ...