Subscribe
Copied to clipboard
Share
Share
Copied to clipboard
Embed
Copied to clipboard
Earmark Podcast | Earn Free Accounting CPE
Trailer
Bonus
Episode 88
Season 1
Behind the Numbers: The Truth About PCAOB Deficiency Rates
What if the numbers we use to measure audit quality are fundamentally flawed? PCAOB Board Member Christina Ho reveals why the headline-grabbing 46% deficiency rate in public company audits deserves serious scrutiny. In this candid conversation, Ho explains why smaller audit firms face disproportionate regulatory burdens, how the PCAOB's inspection approach may distort quality metrics, and why less than 5% of "deficient" audits result in incorrect opinions. She also shares her experience of being publicly criticized by Senator Elizabeth Warren for challenging the status quo. Whether you're an auditor, investor, or financial professional, this insider perspective will transform how you interpret future audit quality statistics.
Chapters
Sign up to get free CPE for listening to this podcast
https://earmarkcpe.com
https://earmark.app/
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Chapters
Sign up to get free CPE for listening to this podcast
https://earmarkcpe.com
https://earmark.app/
Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Connect with Our Guest, Christina Ho
https://pcaobus.org/about/the-board/board-bios/christina-ho
Connect with Blake Oliver, CPA
LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/
Chapters
- Explaining the PCAOB
- Inspection and Enforcement Programs
- Sampling and Inspection Frequency
- Challenges for Smaller Audit Firms
- State of Audit Quality
- Deficiency Rates and Their Implications
- PCAOB's Role and Accountability
- Has the PCAOB Improved Audit Quality?
- Public Dispute with Senators
- Conclusion and Final Thoughts