Discuss the reason for the action and your assessment
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Get it written →“Audit Risks” Please respond to the following:
Research the PCAOB’s enforcement action reported in the two announcements referenced below.
Discuss the reason for the action and your assessment of the adequacy of the action in ensuring trust in our financial reporting system.
PCAOB Announces $1.5 Million Settlement with Grant Thornton for Quality Control Violations and Audit Failures
WASHINGTON, DC, Dec. 20, 2017
PCAOB Censures and Fines Deloitte $500,000 for Material Accounting Errors It Missed in 3 Consecutive Audits of Jack Henry
Washington, DC, May 24, 2018
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