Locate the PCAOB's Settled Disciplinary Order against the auditors of the Satyam financial statements, which can be
Locate the PCAOB's Settled Disciplinary Order against the auditors of the Satyam financial statements, which can be found on the PCAOB's website under the link for "Enforcement" (see PCAOB Release No. 105-2011-002 dated April 5, 2011), and review the sanctions imposed on the audit firms within the PW India network. You will see that the PCAOB censured all five firms in the PW India network, even though three of those firms did not participate in the audit of Satyam's financial statements. Discuss why the PCAOB charged all five firms rather than only charge PW Bangalore and Lovelock & Lewes?
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According to the PCAOB Settled Disciplinary Order the five PW India firms along with five other Indi...View the full answer
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