Auditor Deficiencies: A Case about Professional Audit Standards

• In Event: TLC and Teaching Considerations in Auditing and Other

Abstract

This case deals with alleged auditor deficiencies resulting from a failure to follow Public Company Accounting Oversight Board (PCAOB) professional audit standards. More specifically, the auditor in the case was charged with allegedly engaging in improper professional conduct pursuant to Rule 102(e)(1)(ii) of the Security and Exchange Commission’s Rules of Practice. DISCLAIMER: This case is written using publicly available information to provide a setting for student learning. It is not intended to provide commentary on or evaluation of the effectiveness or appropriateness of any party’s handling of the situation described.

Authors

• Kathleen Simione, Quinnipiac University

• Aamer Sheikh, Quinnipiac University