Retaliation Case Puts Auditor Independence Rules in Focus

April 26, 2019, 10:02 AM

Doing a client’s accounting work is a clear breach of SEC auditor independence rules, but accepting a ride in its private jet might not be.

That’s arguably the biggest takeaway, auditors say, from a high-profile retaliation lawsuit between a former PwC auditor and the Big Four accounting firm.

Mauro Botta is suing PwC LLP claiming he was fired after he filed a whistleblower complaint with the Securities and Exchange Commission. That complaint alleges the firm had a too-cozy relationship with its Silicon Valley clients, allowing sloppy accounting and weak internal controls to persist.

Botta also claims that he was removed ...

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