... are deemed to have consented: From the time that Loxon became GLS’s auditor, there were several audit deficiencies based on PCAOB audit standards, including Failure to Establish Adequate Client Acceptance Policies, Failure to Inquire of the Predecessor Auditor, and Failure to Adequately Plan the Audit...

...Francine McKenna; Mikhail Pevzner; Amy G. Sheneman; Tzachi Zach ABSTRACT This case examines the high-profile scandal concerning regulatory monitoring of U.S. public accounting firms. Specifically, KPMG partners obtained confidential information from current and former PCAOB employees about audits...

...Terri L. Herron; Casey J. McNellis ABSTRACT The real-life failures of others provide opportunities to learn. Audit failures and rule infractions stemming from Public Company Accounting Oversight Board (PCAOB) inspections represent the few instances for which detailed information about financial...