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PCAOB practice alert finds rash of doctored audit files

Tammy Whitehouse | April 21, 2016

Audit regulators have seen enough altered documentation lately that they felt the need to formally remind auditors that doctoring work papers is a no-no.

The Public Company Accounting Oversight Board published a staff audit practice alert indicating its inspectors have seen cases even at firms affiliated with the global networks where auditors are adding to or altering audit files and passing off the alterations as original documentation. “Evidence identified in connection with certain recent oversight activities has heightened the staff’s concern about such misconduct,” the PCAOB wrote in its alert.

The PCAOB says its inspection rules require audit firms and all their associated individuals to cooperate with the board in regulatory inspections. “This duty to cooperate...

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