Auditing Scandals: A Closer Look

" Democracy demands information . I still believe I acted in the public interest. "                                                                                                           ~Antoine Deltour Over the years the field of auditing has faced a number of scandals that have cast doubt on the trustworthiness and reliability of auditors and the organizations they work for. This article explores three instances each shedding light, on facets of this issue. PwC and Babcock: A Breach of Trust [ PwC fined for Babcock audit failings ]: PricewaterhouseCoopers (PwC) one of the services networks globally has recently been fined £7.5m for significant violations, in their accounting audit of Babcock, an engineering firm...