Friday Feb 26, 2021
https://www.goingconcern.com/big-4-lawsuits-2-25-2021/?utm_source=GCweeklyANRnewsletter&rx_source=GCweeklyANRnewsletter
This whistle blower claims PwC fired him for reporting audit violations. Cses like this are why I asked my classes to read article and video on the big four an report their iimpressions.
Botta testified that PwC stopped having him audit Cavium at the request of Cavium’s chief financial officer.
“I felt that I was being punished” for following firm protocol, Botta told the judge.
Botta said it “doesn’t seem to be very independent” for a client to decide who will be auditing it.
He said the partner told him that PwC “would not have been market-competitive” if it flagged Harmonic’s issue as a material weakness — which must be reported in its public filings — and told him that many other companies had similar material weaknesses not flagged by PwC.
Comments