The list below includes the names of registered firms for which, as of June 30, 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 have been removed from the December 31, 2013 version of this list. Two of these firms (one firm in each of France and Sweden) have been removed because the inspection fieldwork of such firms has been completed and one firm (located in Hong Kong) was removed because the firm has voluntarily deregistered from 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). 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, 2014, the PCAOB was unable to conduct inspections of firms located in 14 such jurisdictions (Austria, Belgium, China, Cyprus, the Czech Republic, Denmark, Greece, Hong Kong, Hungary, Ireland, Italy, Luxembourg, Poland and Portugal). 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. 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.
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.
 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).
 On July 18, 2014, the PCAOB announced that it concluded a cooperative arrangement with the Danish audit regulator. The cooperative arrangement provides a framework for the PCAOB to conduct joint inspections in this jurisdiction.
 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.
|NAME OF FIRM||COUNTRY|
|PwC Wirtschaftsprüfung 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 (formerly known as PKF bedrijfsrevisoren BV o.v.v.e. CVBA)||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 Perfect C.P.A. Partnership||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 Revisionpartnerselskab||Denmark|
|PricewaterhouseCoopers Statsautoriseret Revisionpartnerselskab||Denmark|
|Deloitte & Associés||France|
|Salustro Reydel (KPMG)||France|
|BDO AG Wirtschaftsprüfungsgesellschaft||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|
|Mazars CPA Limited||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|
|Deloitte & Touche S.p.A.||Italy|
|Reconta Ernst & Young S.p.A.||Italy|
|PricewaterhouseCoopers, Société coopérative (formerly known as PricewaterhouseCoopers S.a r. l.)||Luxembourg|
|BDO Sp. z o.o.||Poland|
|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|
|Ernst & Young AB||Sweden|
|Espiñeira, Pacheco y Asociados (Pricewaterhousecoopers) (formerly known as Espiñeira, Sheldon y Asociados)||Venezuela|
|Rodriguez Velázquez & Asociados (formerly known as Alcaraz Cabrera Vazquez)||Venezuela|