Mattel reaches into its piggy bank to pay the SEC $3.5 million

Auditor PwC seems to have escaped any blame but one of its audit partners is still subject to significant scrutiny.

I wrote about auditing industry regulator the PCAOB’s strategic plan at the beginning of October. I quoted industry veteran Bob Conway regarding concerns the PCAOB has been focusing too much on inspections of auditor compliance with standards regarding internal control reviews and not enough on poor auditing of issuer compliance with GAAP accounting sta…