From www.goingconcern.com: (US context) KPMG is set to release its best audit inspection report in 15 years, with projections indicating a deficiency rate of 20%, the lowest since 2009.

The firm has attributed this improvement to changes in its audit strategies, such as increasing the time staff have for audit tasks and allowing more weekends off during busy seasons.

KPMG’s new approach has led to a shift in deadlines, enabling more audit work to be completed earlier in the cycle, enhancing overall audit quality.