Background: This is a practice-oriented case that will introduce you to attestation engagements beyond audits of financial statements and internal controls. Specifically, you will become familiar with attestation engagements (examination, review, and agreed-upon procedures) and the corresponding standards over such engagements (AICPAs Statements on Standards for Attest Engagements or SSAE). You will then apply these standards within the context of the Academy Awards, PwCs role in the Academy Awards, and the 2017 Academy Awards error (the error).

1. Brainstorm metrics to assess the short-term and long-term reputational damage resulting from the error. How could one measure the economic effect (to PwC) of the 2017 error?

2. Consider how the costs and benefits of this engagement (to PwC) may have changed after the 2017 error. Do you think the firm should retain or dismiss the Oscars engagement? Justify your response.