Given our discussion in Chapter 5 of the PCAOB's desire to gain access to audit workpapers of
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Given our discussion in Chapter 5 of the PCAOB's desire to gain access to audit workpapers of Chinese units of U.S. firms that audit Chinese companies listing in the United States, does it seem reasonable for a U.S. firm such as Deloitte to argue it has no liability for the actions of a network firm in Parmalat? What common characteristics might you look for in these alliances to assess overall firm liability?
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Background Reading The following is from an opinion piece written by Francine McKenna in re The Auditors She is a frequent critic of the accounting profession and Big 4 firms in particular While it go...View the full answer
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Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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