2,400+
Engagements Monitored
94%
Avg. ISQM 1 Score
38 days
Avg. Finding Closure
11%
Repeat Finding Rate
"43% of reviewed engagements had at least one audit deficiency in 2023."
— PCAOB 2023 Annual Inspection Report
of reviewed engagements had at least one audit deficiency in 2023
PCAOB 2023 Inspection Report
of ISQM 1 implementations were rated inadequate in first-year reviews
AICPA Peer Review 2024
more likely to face enforcement action without a documented QMS
SEC Enforcement Data
Audit Deficiency Rate — PCAOB-Registered Firms
*2024 projectedThe trend is unambiguous: deficiency rates have risen every year since 2019. Firms without a systematic quality management platform are not keeping pace with inspection standards. The question is no longer whether to systematize — it is how quickly you can do it before the next inspection window opens.
"The same six deficiency categories appear in 78% of all PCAOB inspection findings — year after year."
— PCAOB Staff Inspection Brief, 2024
Supervision & Review
Insufficient evidence of supervisory review at the engagement level. Reviewers signing off without documented challenge of key judgments.
Going Concern Assessment
Failure to adequately evaluate or document going concern indicators, particularly for clients in stressed industries.
Revenue Recognition
Inadequate testing of revenue recognition under ASC 606 / IFRS 15, especially for multi-element arrangements and variable consideration.
Independence Documentation
Missing or incomplete independence confirmations, especially for non-audit services provided to audit clients.
Audit Evidence Sufficiency
Insufficient appropriate audit evidence for significant account balances or disclosures, particularly fair value measurements.
Internal Control Testing
Overreliance on internal controls without sufficient testing, or failure to test controls at the operating effectiveness level.
"Firms with a documented quality management system close findings 70% faster and repeat them 75% less often."
— Composite: AICPA Peer Review Data & Internal QM Hub Analytics, 2025
Deficiency Rate by Firm Size — Before & After QM Hub
Sole Practitioner
2–10 Partners
11–25 Partners
26+ Partners
"73% of firms with documented quality policies still lack a system to track whether those policies are actually followed."
— AICPA Peer Review Board, 2024 Annual Report
Risk Assessment Documentation
Dynamic risk flags auto-trigger when engagement metrics deviate from baseline. Partners receive push notifications before sign-off.
Everything your firm needs to pass the next inspection. Nothing it doesn't.
Living Quality Dashboard
Every KPI your managing partner needs — ISQM 1 score, open findings, engagement status — on one screen that updates in real time.
Digital EQCR Checklists
Engagement-level quality review checklists with mandatory completion gates. Sign-off is blocked until every item resolves.
Root Cause Classification
Categorize every finding by root cause — supervision, documentation, independence, methodology — and track remediation to closure.
Inspection Analytics
Trend analysis across inspection cycles. See which deficiency categories are recurring and where your firm outperforms the benchmark.
Automated Escalation
Overdue items escalate automatically. Partners receive targeted notifications — not email floods — when action is required.
ISQM 1 & PCAOB Ready
Built-in mapping to ISQM 1 components and PCAOB QC 1000 requirements. Evidence packages export inspection-ready in one click.
Tell us about your firm and we'll configure QM Hub to match your framework, firm size, and inspection timeline — before you even log in.