Accounting Firm ETHICS VIOLATION ISSUES DISCUSSION

Accounting Firm PwC – example of Ethic Violation Issues

1. AICPA Code of Professional Conduct

Go to the AICPA.org Website, locate the AICPA Code of Professional Conduct, and read the following sections:

• ET Section 101 – Independence
• .01 Rule 101 – Independence
• .02 101-1 – Interpretation of Rule 101

2. Case study: PwC

Research Ethics Violations:

https://fcpablog.com/2019/09/25/pwc-and-partner-violated-auditor-independence-rules/

https://www.cfo.com/accounting-tax/2021/08/ey-partners-charged-with-auditor-independence-violations/

https://www.reuters.com/business/finance/ernst-young-auditors-pay-over-10-mln-settle-sec-charges-2021-08-02/

https://www.cpajournal.com/2020/03/06/the-myth-of-auditor-independence/

What do you learn from these articles about ethics violations?

Start a new thread with your comments on the victims of the ethics violations OR your comments on the concept of auditor independence OR respond to the post of at least two (2) classmates.