Case $8\mathrm{.}3$ Republic of Somalia

PricewaterhouseCoopers $($PwC$)$ accepted a lucrative, unusual, and controversial en$-$

gagement for the transitional government established for the Republic of Somalia by

the United Nations. The case questions require students to consider the significant risks

and thorny ethical issues that engagement posed for PwC$.$

Questions

What type of professional services was $PwC$ providing to the TFG$?$ What

professional standards apply to such engagements?

Do you agree that the client confidentiality rule prohibited $PwC$ from disclosing

the contractual details of the TFG engagement? Defend your answer.

In addition to client confidentiality, what other ethical issues or challenges did

PwC$\text{'}$s contractual relationship with TFG present for the accounting firm?

Summarize in a bullet format the specific risks that the Somalia engagement

posed for $PwC$ as a firm. Do you believe that $PwC$ properly considered and

mitigated each of those risks? Explain.