The court decision relied on the concept of scienter for not holding PwC legally liable for issuing clean opinions when the financial statements did not fairly present financial position Would you reach the same conclusion from an ethical perspective Explain ...

Knowledge of the falsehood scienter is difficult to establish absent a smoking gun which did not exist in this case It is easier to make the case that ...

The court decision relied on the concept of scienter for not holding PwC legally liable for issuing

Question:

The court decision relied on the concept of scienter for not holding PwC legally liable for issuing clean opinions when the did not fairly present financial position. Would you reach the same conclusion from an ethical perspective? Explain.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...