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    Accounting Scandals - Tesco

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Included is a link to a recent article discussing that even though we have had a number of high profile accounting scandals in recent history, they are still occurring at a fairly alarming rate.

    http://www.economist.com/news/briefing/21635978-some-13-years-after-enron-auditors-still-cant-stop-managers-cooking-books-time-some

    The article discusses the role of PricewaterhouseCoopers (PwC) in their audit of Tesco, did PwC do anything wrong in this instance? What is their ethical obligation when performing an audit?

    © BrainMass Inc. brainmass.com October 10, 2019, 7:51 am ad1c9bdddf
    https://brainmass.com/business/accounting/accounting-scandals-tesco-597674

    Solution Preview

    The role that (PwC) played in the audit of Tesco was that the firm signed off on Tesco's 2013 financial statements despite ...

    Solution Summary

    This solution briefly explains where the auditors went wrong in their scrutiny of Tesco which allowed the company to get away with sneaky book-keeping.

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