Assessment of compliance with audit standards in SEC fraud investigation - Brattle

A consultant now at Brattle was retained by a Big Four accounting firm in an SEC investigation of an extensive fraud perpetrated by management of a foreign subsidiary of a US registrant. This principal supported a former audit partner who assessed whether the component audit work related to the foreign subsidiary was performed in compliance with auditing standards. The SEC decided not to pursue charges against the component auditors.

Practices

Experts Involved

Alison Forman

Principal

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