A former Deloitte partner will pay $75,000 and be barred from working as a public company registered accountant for two years by the Public Company Accounting Oversight Board (PCAOB) after violating audit standards during a 2016 audit.
Gabriel Jaime López Díez, a former Deloitte partner based in Colombia, “failed to perform necessary audit procedures and failed to obtain sufficient appropriate audit evidence before authorizing the issuance of the firm’s unqualified audit opinions” on a 2016 audit of Bancolombia’s financial statements, the PCAOB said in a press release Wednesday.
