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The latest global survey of audit inspections by the International Forum of Independent Audit Regulators (IFIAR) has found recurring and high levels of deficiencies in key areas of public company audits. In IFIAR’s third annual report of audit inspection findings, fair value measurements, internal control testing and revenue recognition were amongst the common and persistent deficiencies noted in vital aspects of public company audits.
Download the press release (PDF,470KB) for more information.
) or https:// as an added precaution. Share sensitive information only on official, secure websites.