Registered Firms Not Yet Inspected Even Though Four or More Years Have Passed Since Issuance of an Audit Report While Registered (as of Dec. 31, 2014)

The list below includes the names of registered firms for which, as of December 31, 2014, 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 three firms (one firm in each of France, Spain and Sweden) have been removed from the June 30, 2014 version of this list because the inspection fieldwork of such firms has been completed. In addition, eight firms (one firm in each of Greece and Spain, two firms in China and four firms in Hong Kong) have been added since the June 30, 2014 version of this list because, as of December 31, 2014, four or more years have passed since the end of the calendar year in which these firms first issued an audit report while registered with the PCAOB.

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 December 31, 2014, the PCAOB was unable to conduct inspections of firms located in 13 such jurisdictions (Austria, Belgium, China, Cyprus, the Czech Republic, Greece, Hong Kong, Hungary, Ireland, Italy, Luxembourg, Poland and Portugal).[2] In addition, the PCAOB remains unable to conduct inspections of firms located in Venezuela despite attempts to communicate 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. While the PCAOB concluded a cooperative arrangement with Denmark in July 2014, joint inspections in Denmark had not yet commenced as of December 31, 2014. With respect to certain other jurisdictions, namely France, Germany, Spain and Sweden, 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).

[2] The PCAOB currently is prevented from inspecting the U.S.-related audit work and practices of PCAOB-registered firms in Greece, Ireland and, to the extent their audit clients have operations in mainland China, Hong Kong, because of the positions taken by the local authorities in these jurisdictions. Certain registered firms in these three jurisdictions previously had been inspected by the PCAOB either because, in the case of some firms in Greece and Ireland, an inspection was conducted before the current obstacles arose, or because, in the case of some firms in Hong Kong, the inspections did not involve, or no obstacles were raised to, the review of audit work relating to a company's operations in China.

Since the previous update dated as of June 30, 2014, the PCAOB concluded a cooperative arrangement with the Danish audit regulator that provides a framework for the PCAOB to conduct joint inspections in Denmark.

As of June 30, 2011

FilterFilter
|
Sort by:
|
Group by:
Name of FirmCountry
PwC Wirtschaftsprufung GmbHAustria
Deloitte Bedrijfsrevisoren / Reviseurs d'EntreprisesBelgium
Klynveld Peat Marwick Goerdeler Bedrijfsrevisoren civil CVBA/SCRLBelgium
PKF bedrijfsrevisoren BV o.v.v.e. CVBABelgium
Baker Tilly China Ltd.China
Deloitte Touche Tohmatsu Certified Public Accountants LtdChina
Ernst & Young Hua Ming Certified Public AccountantsChina
PricewaterhouseCoopers Zhong Tian CPAs Limited CompanyChina
Shanghai Zhonghua Certified Public Accountants (formerly known as Grant Thornton Zhonghua)China
Ernst & Young Cyprus LimitedCyprus
Ernst & Young Audit, s.r.o.Czech Republic
Deloitte Statsautoriseret RevisionsaktieselskabDenmark
PricewaterhouseCoopers Statsautoriseret RevisionsaktieselskabDenmark
PricewaterhouseCoopers OyFinland
Deloitte & AssociesFrance
Ernst & Young AuditFrance
Ernst & Young et AutresFrance
KPMG SAFrance
MazarsFrance
PricewaterhouseCoopers AuditFrance
Salustro Reydel (KPMG)France
BDO AG WirtschaftsprufungsgesellschaftGermany
Deloitte & Touche GmbH WirtschaftsprufungsgesellschaftGermany
Ernst & Young GmbH WirtschaftspruefungsgesellschaftGermany
KPMG AG WirtschaftspruefungsgesellschaftGermany
PricewaterhouseCoopers AG WirtschaftsprufungsgesellschaftGermany
KPMG Certified Auditors A.E.Greece
Pricwaterhousecoopers Auditing Company SAGreece
BDO LimitedHong Kong
Deloitte Touche TohmatsuHong Kong
Ernst & YoungHong Kong
KPMGHong Kong
PricewaterhouseCoopersHong Kong
KPMG Hungaria Kft.Hungary
PricewaterhouseCoopers Konyvvizsgalo es Gazdasagi Tanacsado Kft.Hungary
Ernst & Young Chartered AccountantsIreland
BDO S.p.A.Italy
Deloitte & Touche S.p.A.Italy
KPMG S.p.A.Italy
PricewaterhouseCoopers spaItaly
Reconta Ernst & Young S.p.A.Italy
Ernst & Young S.A.Luxembourg
PricewaterhouseCoopers S.a r. l.Luxembourg
Deloitte Accountants B.V.Netherlands
Ernst & Young Accountants LLPNetherlands
KPMG Accountants N.V.Netherlands
PricewaterhouseCoopers Accountants N.V.Netherlands
Ernst & Young ASNorway
KPMG ASNorway
PricewaterhouseCoopers ASNorway
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
Deloitte, S.L.Spain
Ernst & Young, S.L.Spain
Pricewaterhousecoopers Auditores, S.L.Spain
Deloitte ABSweden
Ernst & Young ABSweden
KPMG ABSweden
PricewaterhouseCoopers ABSweden
Deloitte AGSwitzerland
Ernst & Young AGSwitzerland
PricewaterhouseCoopers AGSwitzerland
Cevdet Suner Denetim ve Yeminli Mali Musavirlik ASTurkey
Chantrey Vellacott DFKUnited Kingdom
Garbutt & Elliott LLPUnited Kingdom
H W Fisher & CompanyUnited Kingdom
Espiera, Sheldon y AsociadosVenezuela
Rodriguez Velazquez & Asociados (formerly known as Alcaraz Cabrera Vazquez)Venezuela