The PCAOB web site has a section titled “SettledDisciplinary Orders”. Locatethe findings involvingCameron Terry, ofSpring, Texasfrom August 2019.
A. Describe the situations and auditissues that led to the disciplinary action by the PCAOB.
B. Any idea how a CPA from Texas picked up a client in Villa Park, California – was he licensed to do work in California?
C. What can you describe about his CPA firm? Is he still working as a CPA?
D. What do you think of the Huff’s understanding of generally accepted auditing standards? Name one specific area where auditing standards were violated.
E. Two lessons you learned from reading this finding.
Sample Solution