Refer to the Auditing in Practice feature Weaknesses in Substantive Procedures Related to Cash: Evidence from PCAOB

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Refer to the Auditing in Practice feature “Weaknesses in Substantive Procedures Related to Cash: Evidence from PCAOB Disciplinary Proceedings.” Locate each of the PCAOB releases on the PCAOB’s Web site.
a. Briefly summarize the other audit deficiencies outlined in these releases.
b. Comment on the punishments that the auditors received and the ethical implications of the auditors’ actions.

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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