Annual Inspection Findings Survey

2016 Inspection Findings Survey – Released March 3, 2017
In March 2017, IFIAR released its fifth annual survey of findings identified by its Members in their individual inspections of audit firms affiliated with six large, international audit firm networks. The Survey shows a general decline in inspection finding rates; however, the high rates of findings continue to be of concern to IFIAR. There are similarities in the nature and extent of findings compared to the previous year. Overall, the results continue to show a lack of consistency in the execution of high quality audits and point to the continued need to address firm-wide systems of quality control, including in the critical area of auditor independence.

The links below are to the 2016 Inspection Findings Survey and related documents:
2016 Survey of Inspection Findings
Survey Report Stakeholders Announcement

2015 Inspection Findings Survey – Released March 3, 2016
In March 2016, IFIAR released its fourth annual survey of findings identified by its Members in their individual inspections of audit firms affiliated with six large, international audit firm networks. Consistent with the results of IFIAR’s prior surveys, the current survey reveals high frequency and number of findings in key aspects of the audit and in the inspected audit firms’ systems of quality control. IFIAR says that the pace of audit quality improvement is too slow and calls for a measurable improvement by 2019.

The links below are to the 2015 Inspection Findings Survey and related documents:
2015 Survey of Inspection Findings
Survey Report Press Release

2014 Inspection Findings Survey – Released March 3, 2015
In March 2015, IFIAR released its third annual survey of its members’ findings from their inspection programs. That survey provided support for what had become evident to IFIAR Members through interaction in IFIAR’s various working groups and meeting discussions: Members’ individual inspection programs reveal common areas of deficiencies in, and concerns about, audit performance.

The initial survey, released in December 2012, was designed to identify common inspection findings on a global basis. The survey also was designed to gather information in response to a request by the Financial Stability Board (FSB) to IFIAR to obtain information on challenges and problems that Members have identified in their inspection programs relating to external audits of financial institutions. IFIAR’s second survey was released in April 2014.

The links below are to the 2014 Inspection Findings Survey and related documents:

2014 Survey of Inspection Findings
IFIAR Survey Fact Sheet
Press Briefing Opening Statements of Lewis H. Ferguson, IFIAR Chair, and Janine van Diggelen, IFIAR Vice Chair

2013 Inspection Findings Survey – Released April 10, 2014
In April 2014, IFIAR released a follow up to IFIAR’s first survey of its membership regarding findings from their inspection programs, conducted in 2012. That survey provided support for what had become evident to IFIAR Members through interaction in IFIAR’s various working groups and meeting discussions: Members’ individual inspection programs reveal common areas of deficiencies in, and concerns about, audit performance.

The initial survey, released in June 2012, was designed to identify common inspection findings on a global basis.The survey also was designed to gather information in response to a request by the Financial Stability Board (FSB) to IFIAR to obtain information on challenges and problems that Members have identified in their inspection programs relating to external audits of financial institutions.

Please follow the links below for the 2013 Global Survey of Audit Inspection Findings:
2013 Global Survey of Audit Inspection Findings
Survey Report Press Release
IFIAR Survey Fact Sheet
Lewis H. Ferguson, IFIAR Chair - Opening Statement
Janine van Diggelen, IFIAR Vice Chair - Opening Statement

IFIAR Press Briefing: Report on 2013 Inspection Findings Survey
Hosted by IFIAR Chair Lewis Ferguson and IFIAR Vice Chair Janine van Diggelen

WINDOWS MEDIA

10 APR 2014 –Session
http://voli.http.internapcdn.net/voli_vitalstream_com/pcaob/akv/2014/ifiar_041014.htm

FLASH
10 APR 2014 – AM Session
http://voli.http.internapcdn.net/voli_vitalstream_com/pcaob/akv/2014/ifiar_041014-f.htm

MP3
10 APR 2014 – AM Session
http://voli.http.internapcdn.net/voli_vitalstream_com/pcaob/2014/ifiar_041014.mp3

2012 Global Survey of Audit Inspection Findings
2012 Global Survey of Audit Inspection Findings
Survey Report Press Release
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