A brazen disregard for public duty: PwC's latest auditor independence mess
Not hard to figure out who the complicit audit client, now business partner, is. But the PCAOB, and SEC, can't be shocked by this virtual insanity. Regulators keep treating it like spilled coffee.
Back in August of 2007, less than a year after I left PwC in October 2006, I wrote in my legacy blog, re: The Auditors, about the Big 4 and business alliances:
When I was with PwC, I was on a team called “PwC the Client” that performed internal audits of the Firm itself. Far from being “your father’s internal audit” team, one that did reviews of only tra…