EY Touts Audit Turnaround in Pending Inspection Results (1)

EY on Wednesday forecast a sharp turnaround in its annual US audit inspection results following an effort to address quality issues that have left it lagging its peers in recent years.

The Big Four firm, which audits the books of top US companies such as Meta Platforms Inc. and Apple Inc., expects its upcoming inspection report will show a deficiency rate of less than 10%—what the firm said would be one of its best results ever. Ernst & Young LLP touted its improved results in an annual report on its US audit practice.