IFIAR 2016 Annual Survey of Inspection Findings Released

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IFIAR 2016 Annual Survey of Inspection Findings Released
Date: 27th Mar 2017

In March 2017, IFIAR released its fifth annual survey of findings identified by its Members in their individual inspections of audit firms affiliated with six large, international audit firm networks. Releasing the report, IFIAR commented:


"The survey shows a general decline in inspection finding rates; however, the high rates of findings continue to be of concern to IFIAR. There are similarities in the nature and extent of findings compared to the previous year. Overall, the results continue to show a lack of consistency in the execution of high quality audits and point to the continued need to address firm-wide systems of quality control, including in the critical area of auditor independence."

The links below are to the 2016 Inspection Findings Survey and related documents:


2016 Survey of Inspection Findings

Survey Report Stakeholders Announcement