What are the key factors that complicate the audit of a multinational company?
 Explain
A) What responsibility if any, does an account of a public company have when he or she discovers that the company has violated a law? B) How does the accountant’s position on the company’s employment hierarchy affect that responsibility, if at all? C) What responsibility does an auditor of a public company have if he or she discovers illegal acts by the client? D) Does the auditor’s position on his or her firm’s employment hierarchy affect this responsibility?
Assuming Peat Marwick contracted with a local Indonesian accounting firm for the auditor of its Indonesian and other Asian operations, how does Peat Marwick’s audit opinion reflects its reliance on the foreign accounting firm? Explain with PCAOB citation(s) and example(s).

Answer rating: 100% (QA)

Answer For over two decades Peat Marwick has served as Tri... View the full answer