Compliance into the Weeds: Episode 141-PwC Spanked Edition

Thomas Fox
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Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weeds to explore the recent SEC enforcement action against PwC and its partner Brandon Sprankle for  violating audit firm independence rules,  including PwC implementing a GRC software system for one of its audit clients.

Some of the highlights See more +

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weeds to explore the recent SEC enforcement action against PwC and its partner Brandon Sprankle for  violating audit firm independence rules,  including PwC implementing a GRC software system for one of its audit clients.

Some of the highlights include:

What was the conduct which led to the $8.9MM fine against PwC?

Why do audit firm independence rules exist?

Why ethical norms did PwC partner Brandon Sprankle violate?

Should an audit partner who engages in material misrepresentations be trusted to perform an audit?

What internal controls at PwC were violated by Sprankle’s actions?

What does a CCO need to pay attention to audit firm independence rules? See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Thomas Fox
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