Accounting Firm Enron, Satyam – 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 PwC Ethics Violations. An example you might use:
https://fcpablog.com/2019/09/25/pwc-and-partner-violated-auditor-independence-rules/
Also search for ethics news relating to other major accounting firms (KPMG, Ernst & Young, Deloitte). What do you learn from your search?
Post comments on the victims of the ethics violations and, separately, the concept of internal control.
Your post should be several paragraphs in length, and addresses the questions or topics presented above.