Deloitte Canada Fined $350,000 By the PCAOB For Fudging Audit Workpapers
Someone lit a fire under the asses of those who work in the PCAOB enforcement division because they issued seven disciplinary orders to audit firms and accountants from Sept. 22 to Sept. 30. One of those firms was Deloitte Canada. Compliance Week reported: The Public Company Accounting Oversight Board (PCAOB) on Wednesday [Sept. 29] imposed […]
Memo to Audit Firms: Altering Workpapers Is Still Frowned Upon
Amid all the drama and turmoil going on at the PCAOB right now, one thing hasn’t changed: PCAOB inspectors really love busting auditors for improperly altering workpapers. Eight auditors—two at Deloitte Korea and six at BDO Mexico—found this out the hard way recently. Because these auditors ignored the memo that altering audit workpapers is never […]
Three McGladrey Auditors Learn a Tick in Time Saves Nine
Everyone knows if you're going to add evidence after an audit is over, you have to do it before the documentation completion date and you better be sure to document the additional material thoroughly. But for McGladrey (then McGladrey & Pullen) auditors Dale Arnold Hotz, Jyothi Nuthulaganti Manohar and Michael Jared Fadner, an impending PCAOB […]