Identify a case where auditors failed to adhere to the standards;

Summary:

Similar to the WSJ article discussed in-class link of which is provided herein.

 

https://www.wsj.com/articles/fired-kpmg-audit-head-fined-over-failure-to-supervise-senior-auditors-11649193583?st=o11l3pnwmlg467g&reflink=desktopwebshare_permalink

 

 

  1. Identify a case where auditors failed to adhere to the standards;
  2. Summarize the case in your own words indicating the key events and issues.
  3. Explain if the use of international standards would have had any bearing on the case.
  4. Do you believe that if the case you referred to in your answer to the first question happened in a different country the outcome would have been different? Explain why?

Indicate all your sources in reference section.