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Home > About > Zero Percent Deficiency Rate Continues for Armanino’s PCAOB Audit Inspection Report

Press Release

Tuesday, November 17, 2015

Zero Percent Deficiency Rate Continues for Armanino’s PCAOB Audit Inspection Report


SAN RAMON, Calif. (November 17, 2015) – Armanino LLP, the largest independent accounting and business consulting firm based in California, announced today that it received zero engagement deficiencies and zero quality control deficiencies on its recent inspection from the Public Company Accounting Oversight Board (PCAOB). This is the third consecutive PCAOB report the firm has received with a zero percent deficiency rate since 2010.

“Armanino continues its trend of a zero percent deficiency rate on our PCAOB reports,” said Matt Perreault, partner-in-charge of the firm’s SEC Audit Practice. “The PCAOB remains the gold standard in audit oversight, and their consistent failure to identify deficiencies in our work is a testament to the quality of our team’s audit engagements.”

Armanino has served more than 100 public companies over the last 20 years, with expertise in four distinct areas: financial statement audits, Sarbanes-Oxley internal control documentation and testing, tax compliance and planning, and a variety of consulting and software solutions.

The PCAOB is a nonprofit corporation created as a result of the Sarbanes-Oxley Act to oversee the audits of public companies to protect investors and the public interest through its independent audit firm inspection program.  Reports are created by reviewing a sample of several audit engagements that a firm completes over a reporting period.

About ArmaninoLLP
Armanino LLP (www.armaninollp.com) is the largest independent accounting and business consulting firm based in California and one of the largest in the United States. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business from start-up through rapid growth to the sale of a company. Armanino emphasizes smart technology; leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino extends its global services to more than 100 countries through its membership in Moore Stephens International Limited – one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates its division—AMF Media Group (www.amfmediagroup.com) media and communications services agency. Its affiliates include Intersect Capital (www.intersectcapitalllc.com), an independent financial planning, wealth and lifestyle management firm and The Brenner Group (www.thebrennergroup.com), an Armanino Company, dedicated to interim CFO and permanent placement services and a comprehensive suite of specialized financial and management services.