The Big 4 – doing very badly

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An organisation called Fulcrum (unrelated to the firm of accountants of that name in which I am a practitioner) has reported the following results of the American PCOAB reviews of Big 4 audits in the USA:

Sobering, isn't it?

Why is it that the accountancy profession tolerates these people?

That's the question I keep asking. I wish I got an answer.