ACC 492 Week 5 Auditor’s Legal Liability in an Audit (LT Discussion Assignment)

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ACC 492 Week 5 Auditor's Legal Liability in an Audit (LT Discussion Assignment)
ACC 492 Week 5 Auditor’s Legal Liability in an Audit (LT Discussion Assignment)
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ACC 492 Week 5 Auditor’s Legal Liability in an Audit (LT Discussion Assignment)

Please search the web for a case in which an auditor or audit firm was deemed to be liable for some form of misconduct in an audit.  For what were they considered guilty?  What was the penalty or punishment placed on the auditor?  If you were the auditor, what would you do on a go forward business to avoid the same fate