June 23, 2019

Michael Pakaluk, professor, ethics and social philosophy, was interviewed by Going Concern about two KPMG scandals involving PCAOB ‘Steal the Exam’ and CPE training exam and his viewpoint on how CPAs can better be trained.

...“Worse” is always relative to a dimension. Call the two scandals the “inspection scandal” and the “CPE scandal.” On the dimension of pervasiveness, and what it says about firm culture, the CPE scandal looks worse. The inspection scandal was carried out by a small number of persons who—KPMG argued plausibly then—were quickly censured, separated, and isolated. The CPE scandal was much more widespread and longstanding too."...

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