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PCAOB Probing Deloitte Audit

First formal investigation of a Big Four firm by the accounting regulator is inadvertently disclosed by the SEC.

> > The PCAOB stated in its order that Deloitte may have failed to comply with at least five auditing standards. The PCAOB added that the actions of the firm, if true, would be "in possible violation of [Sarbanes-Oxley], the rules of the board, the provisions of the securities laws relating to the preparation of and issuance of audit reports and the obligations and liabilities of accountants," according to the report.
Source: CFO


Published:2005-07-11
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