61%

PCAOB deficiency rate at non-affiliated firms — auditors issued opinions without sufficient evidence

Are You About to Sign the Wrong Opinion?

12 completion & reporting failures regulators catch most. Score your file before you sign.

61% of non-affiliated firms had engagements where the auditor did not obtain sufficient evidence to support the opinion issued. Only 38% of FRC Tier 2/3 audits required no more than limited improvements. Three reporting standards are changing in December 2026. Score your file before you sign.

What's inside

3-sheet Excel workbook with 12-question completion self-assessment, interactive Opinion Decision Navigator (answers 6–8 conditional questions to determine the correct opinion type), and detailed finding explanations with regulatory citations.

1. Sufficient appropriate evidence not obtained before signing (ISA 700.11)

PCAOB found 61% of non-affiliated firm engagements where the opinion was issued without adequate supporting evidence.

2. Misstatement accumulation and evaluation incomplete (ISA 450.11)

Auditors failed to accumulate identified misstatements, evaluate their effect on the audit, and communicate uncorrected misstatements to those charged with governance.

3. Modified opinion not considered when circumstances warranted (ISA 705.7)

Regulators found auditors issuing unmodified opinions despite unresolved scope limitations, disagreements with management, or inability to obtain sufficient evidence.

Plus 9 more findings — including an interactive Opinion Decision Navigator (Unmodified / Qualified / Adverse / Disclaimer) with ISA paragraph references. All in a free Excel workbook.