Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

PCAOB censures Deloitte Mexico partners in cross-border audits

Tammy Whitehouse | November 2, 2018

Audit regulators have leveled another enforcement action against Deloitte in Mexico, disciplining three partners for failures in cross-border audits that affected U.S. audit opinions.

The Public Company Accounting Oversight Board barred, fined, and censured three partners at Deloitte’s affiliate firm in Mexico, Galaz, Yamazaki, Ruiz Urquiza, S.C. The PCAOB says the three partners failed to properly evaluate loan loss reserves in 2013 and 2014 for a Mexico-based subsidiary of Texas-based loan provider EZCORP. The three partners also failed to evaluate the operating effectiveness of certain internal controls, and they compounded the problem by misrepresenting their work to Deloitte in the United States...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.