At BDO, we remain focused on the horizon—anticipating what’s next for our profession, clients, and the capital markets.
We prepare our people to meet these demands by continually elevating our processes, technology, and our talent through a culture of development. Our commitment is to evolve alongside the needs of investors, ensuring we deliver lasting value in a rapidly changing world.
Quality is a balance of complementary parts: state of mind, design, and execution. Here we share how we achieve this balance through comprehensive, multiyear actions including: learning; audit phasing and project management; reimagining our technology, tools, and guidance; and enhanced monitoring.
Our commitment to enhancing audit quality is steadfast. Dynamic market conditions, technological advancements, and an informed understanding of risk underscore our thinking as we continue to strengthen our insight-driven approach to delivering high-quality audits.
We invite you to explore how we are progressing in our delivery of exceptional audit quality.
2025 Part 1 A Deficiency Rate Improvement
A sustained focus and investment in our strategy is having a direct and positive impact on our system of quality management. We expect our 2025 Public Company Accounting Oversight Board (PCAOB) Part IA inspection deficiency rate to decline to an anticipated 34%, representing a meaningful improvement over prior years. While these results are encouraging, we remain focused on continued progress as we execute and deliver on our strategic goals.
Our Approach to Audit Quality
Our commitment to quality and mindset of continuous improvement reflects our core purpose and values. Quality is a balance of state of mind, design, and execution. To achieve this balance, we have taken an intentional, systematic approach toward:
Maintaining a culture of continuous learning, coaching, review, and consultation.
Fiercely challenging assumptions and exercising professional skepticism.
Leveraging the ingenuity of our people to build on and lean into technological advancements.
Fostering an environment that expects professional commitment and pride in consistently delivering our best work.
Continuously strengthening our quality management system to achieve lasting and impactful results.
Transformative Actions Driving High Quality Audits
Our focus is on a deliberate and sustainable approach to strengthen our overall system of quality management and the standardization of certain policies, processes, and controls with data and transformative technology as the backbone of our transformation. This is further allowing us to better manage and monitor risks while maintaining consistency and reliability across our audits.
The significant investments BDO has made over the past several years in our infrastructure, methodology, processes, and our people are positively impacting our audit quality. Learn more about the transformative actions we are continuing to take to drive high quality audits.
Our Future in Focus: Audit Innovation and Enablement
By investing in our audit methodology, technology, and practical learning programs, we are equipping our professionals with the resources and opportunities they need to think critically and conduct audits to the highest standards, fulfilling our commitment to quality.
We are further committed to aligning our assurance strategy and deploying resources to manage necessary change and adapt to emerging global opportunities and risks impacting our clients such as economic conditions, technology, and evolving laws and regulations.
Our actions are designed to continuously improve our quality, being transparent about the opportunities and challenges we face, and sharing publicly how we are addressing them to reinforce the confidence of the capital markets.
Audit Insights
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