The Financial Reporting Council (FRC) publishes an annual inspection and supervision results of the largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC). Overall, 75% of audits inspected were good or required little improvement (compared to 71% in 2021 and 67% in 2020).
Retain International the leading resource and talent management cloud-based platform has reviewed the key findings relating to resourcing and talent management across the seven individual firm inspection reports complied by the Financial Reporting Council (FRC) in their audit quality inspections issued on July 22.
Retain is committed to working collaboratively with its clients and prospects to build functionality and improve audit quality. The attached table provides a commentary on key FRC 2022 findings (related to resource scheduling) and our views on Retain platform functionality, data and processes used by our leading clients.