future corporate fraud cases. Questions 1. Update the facts of this case for any relevant events that have taken place since the January 2018 ruling. 2. Which rules of conduct in the AICPA Code of Professional Conduct were violated by PwC? Explain. 3. Which PCAOB auditing standards were violated by PwC? Explain why those violations occurred and whether PwC should be held responsible. 4. Attorney Michael Dell argued that the Colonial Bank ruling would effectively hold audit firms liable for the wrongdoing of their clients. Is that the way you read the facts of the case and Judge Rothstein's ruling? Is there anything wrong with holding auditors responsible for the wrongdoing of their clients when client employees actively participate in the malfeasance? Explain 5. Is it in the public interest to allow auditors to escape legal liability under the in pari delicto doctrine! 6. When should auditors disclose critical audit matters (CAM)? Assume the Colonial Bank case occurred subsequent to the effective dates of the new auditing standard on disclosing CAMs. Which disclosures should PwC have included in the audit report of Colonial Bank? Maior Case 2 Logitech International Laaitech