Registered Firms Not Yet Inspected Even Though Four or More Years Have Passed Since Issuance of an Audit Report While Registered (as of June 30, 2013)

The list below includes the names of registered firms for which, as of June 30, 2013, the inspection fieldwork had not yet been completed by the PCAOB, even though four or more years have passed since the end of the calendar year in which the firm first issued an audit report while registered with the PCAOB. This updated list indicates that four firms (two firms in the Netherlands and one firm in each of Germany and Spain) were removed from the December 31, 2012 version of this list because the inspection fieldwork of such firms has been completed.

The Board had previously announced its intention to publicly identify firms meeting the criteria above. Such intention was communicated in the releases issued in connection with the PCAOB's adoption of PCAOB Rule 4003(g) and PCAOB Rule 4003(f).[1] Accordingly, this list is updated, at a minimum, on a semiannual basis by adding firms that qualify for the list and also by removing firms for which the inspection fieldwork has been completed or that have voluntarily deregistered from the PCAOB.

The reasons that the inspection fieldwork for a firm has not been completed within four years of the firm having issued an audit report while registered with the PCAOB may vary. Many of the firms included on this list are located in a jurisdiction where the PCAOB is being denied access to the information necessary to conduct inspections of registered firms on the basis of asserted restrictions under local law or objections based on national sovereignty. As of June 30, 2013, the PCAOB was unable to conduct inspections of firms located in 15 such jurisdictions (Austria, Belgium, China, Cyprus, the Czech Republic, Denmark, Greece, Hong Kong, Hungary, Ireland, Italy, Luxembourg, Poland, Portugal and Sweden). In addition, the PCAOB was unable to conduct inspections of firms located in Venezuela despite continued communications with the Venezuelan government. The PCAOB continues to seek to resolve the obstacles to PCAOB inspections with the relevant authorities in all of these jurisdictions and remains optimistic about concluding bilateral agreements with many of them in the foreseeable future. With respect to certain other jurisdictions, namely Finland, France, Germany and Spain, cooperative agreements that permit PCAOB inspections have been concluded, but not all firms in the jurisdiction have been inspected to date.

With respect to the firms listed below, no PCAOB inspections have been completed even though four or more years have passed since the end of the calendar year in which they first issued an audit report while registered with the PCAOB.

PLEASE NOTE:

Inclusion on this list should not be construed to support any positive or negative inferences about the quality of the firm's audit work, its systems, policies, procedures, or practices.

[1] For more detail about these rules and the PCAOB's decision to publish this information, please see PCAOB Release No. 2009-003, Final Rule Concerning the Timing of Certain Inspections of Non-U.S. Firms, and Other Issues Relating to Inspections of Non-U.S. Firms (June 25, 2009), issued in connection with the PCAOB's adoption of PCAOB Rule 4003(g); and PCAOB Release No. 2008-007, Rule Amendments Concerning the Timing of Certain Inspections of Non-U.S. Firms, and Other Issues Relating to Inspections of Non-U.S. Firms (Dec. 4, 2008), issued in connection with the PCAOB's adoption of PCAOB Rule 4003(f).

 

Name of Firm Country
PwC Wirtschaftsprufung GmbH Austria
Deloitte Bedrijfsrevisoren / Reviseurs d'Entreprises Belgium
Ernst & Young Bedrijfsrevisoren C.V.B.A. – Réviseurs d’Entreprises S.C.R.L. Belgium
Grant Thornton Bedrijfsrevisoren - Réviseurs d'Entreprises Belgium
Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren civil CVBA/SCRL Belgium
BDO China Dahua CPA Co. Ltd. China
Deloitte Touche Tohmatsu Certified Public Accountants LLP China
Ernst & Young Hua Ming LLP China
JTC Fair Song CPA Firm China
PricewaterhouseCoopers Zhong Tian LLP China
Reanda CPAs Co., Ltd China
Shanghai Zhonghua Certified Public Accountants (formerly known as Grant Thornton Zhonghua) China
Ernst & Young Cyprus Limited Cyprus
Ernst & Young Audit, s.r.o. Czech Republic
Deloitte Statsautoriseret Revisionsaktieselskab Denmark
PricewaterhouseCoopers Statsautoriseret Revisionsaktieselskab Denmark
PricewaterhouseCoopers Oy Finland
Deloitte & Associes France
Ernst & Young Audit France
Ernst & Young et Autres France
KPMG SA France
Mazars France
PricewaterhouseCoopers Audit France
Salustro Reydel (KPMG) France
BDO AG Wirtschaftsprufungsgesellschaft Germany
Deloitte & Touche GmbH Wirtschaftsprufungsgesellschaft Germany
KPMG Certified Auditors A.E. Greece
Pricwaterhousecoopers Auditing Company SA Greece
BDO Limited Hong Kong
Deloitte Touche Tohmatsu Hong Kong
Ernst & Young Hong Kong
HLB Hodgson Impey Cheng Hong Kong
KPMG Hong Kong
Mazars CPA Limited Hong Kong
PricewaterhouseCoopers Hong Kong
UHY Vocation HK CPA Limited Hong Kong
BDO Magyarország Könyvvizsgáló Kft. Hungary
KPMG Hungaria Kft. Hungary
PricewaterhouseCoopers Könyvvizsgáló Kft. Hungary
Ernst & Young Chartered Accountants Ireland
BDO S.p.A. Italy
Deloitte & Touche S.p.A. Italy
KPMG S.p.A. Italy
PricewaterhouseCoopers spa Italy
Reconta Ernst & Young S.p.A. Italy
Deloitte Audit Luxembourg
PricewaterhouseCoopers, Société coopérative (formerly known as PricewaterhouseCoopers S.a r. l.) Luxembourg
PricewaterhouseCoopers Sp. z o.o. Poland
Deloitte & Associados, SROC, S.A. Portugal
KPMG & Associados - Sociedade de Revisores Oficiais de Contas, S.A. Portugal
BDO Auditores, S.L. Spain
Pricewaterhousecoopers Auditores, S.L. Spain
BDO Sweden AB Sweden
Deloitte AB Sweden
Ernst & Young AB Sweden
KPMG AB Sweden
PricewaterhouseCoopers AB Sweden
Espiñeira, Pacheco y Asociados (Pricewaterhousecoopers) (formerly known as Espiñeira, Sheldon y Asociados) Venezuela
Rodriguez Velazquez & Asociados (formerly known as Alcaraz Cabrera Vazquez) Venezuela