Question: Could you help me with one of my exercise problems? B. The PCAOB web site has a section titled Settled Disciplinary Orders. Locate the findings
Could you help me with one of my exercise problems?
B.
The PCAOB web site has a section titled "Settled Disciplinary Orders". Locate the findings involving James Fazio, CPA, of San Diego, California, involving the audit of Ligand Pharmaceuticals.
- Describe the situations and accounting/audit issues that led to the disciplinary action by the PCAOB.
- What do you think of the firm's understanding of generally accepted auditing standards and generally accepted accounting principles? Name one specific area where auditing standards were violated.
- Any idea what Fazio is doing now?
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