During the 12-month PCAOB 2022 inspection period ended 31 August 2022, our SQC identified 129 instances across 78 issuers
representing approximately 3% of our issuer audits, of noncompliance with Securities and Exchange Commission (SEC) or PCAOB independence rules.
During the 13-month PCAOB 2023 inspection period ended 30 September 2023, our SQC identified 107 instances
across 53 issuers of noncompliance with SEC or PCAOB independence rules. The most common instances of noncompliance were
related to financial relationships and employment relationships of approximately 145,000 professionals monitored. These instances of
noncompliance were promptly reported to company management and those charged with governance and hadn't got an impact on
our objectivity or impartiality, nor our ability to continue as the auditor of record.
We have an unwavering commitment to continuous improvement and maintaining our independence and objectivity as that is
essential to audit quality and upholding the trust that investors place in us.
Audit approach
Our approach to high-quality is underpinned by professional standards and it combines qualified people, consistent processes and
innovative technologies. This includes our next-generation cloud-based audit delivery platform, Deloitte Omnia, which enables a
differentiated, digital audit experience and integrates cognitive technologies, automated workflows and advanced Data analytics for
a more streamlined and insightful audit. Through Deloitte Omnia, we deliver a flexible audit experience that promotes high-quality
through Data-driven risk identification and transparent and collaborative workflows.
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