{"title":"The Theater's Backstage: When Numbers Serve the Show—A Case Study on Livent (Part 2)*","authors":"Angélique Malo, Cynthia Courtois","doi":"10.1111/1911-3838.12313","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>On December 20, 2017, the Supreme Court of Canada ended the suspense surrounding 20 years of court cases when it found the accounting firm Deloitte & Touche (Deloitte) guilty of negligence in its audit of the 1997 financial statements of Livent Inc. As part of a concurrent process, the Discipline Committee of the Institute of Chartered Accountants of Ontario (now CPA Ontario) also had to rule on the conduct of the professionals involved in auditing Livent. This case study asks students to play the role of members of the Discipline Committee assigned to judge the work performed by Deloitte's auditors. The students should be able to identify instances of noncompliance with professional standards, mainly Canadian Auditing Standards 200 and 240, and determine whether the auditors should be found guilty of professional misconduct. The students will be asked whether they would have arrived at the same verdict as did the Discipline Committee members.</p>\n </div>","PeriodicalId":43435,"journal":{"name":"Accounting Perspectives","volume":null,"pages":null},"PeriodicalIF":1.6000,"publicationDate":"2022-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting Perspectives","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1911-3838.12313","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
On December 20, 2017, the Supreme Court of Canada ended the suspense surrounding 20 years of court cases when it found the accounting firm Deloitte & Touche (Deloitte) guilty of negligence in its audit of the 1997 financial statements of Livent Inc. As part of a concurrent process, the Discipline Committee of the Institute of Chartered Accountants of Ontario (now CPA Ontario) also had to rule on the conduct of the professionals involved in auditing Livent. This case study asks students to play the role of members of the Discipline Committee assigned to judge the work performed by Deloitte's auditors. The students should be able to identify instances of noncompliance with professional standards, mainly Canadian Auditing Standards 200 and 240, and determine whether the auditors should be found guilty of professional misconduct. The students will be asked whether they would have arrived at the same verdict as did the Discipline Committee members.
2017年12月20日，加拿大最高法院裁定德勤会计师事务所(Deloitte &德勤(Deloitte)在审计Livent Inc. 1997年财务报表时玩忽职守。作为并行过程的一部分，安大略省特许会计师协会(现为安大略省注册会计师协会)的纪律委员会也必须对审计活动中涉及的专业人员的行为作出裁决。本案例研究要求学生扮演纪律委员会成员的角色，负责评判德勤审计师所做的工作。学生应该能够识别不符合专业标准的情况，主要是加拿大审计准则200和240，并确定审计师是否应该被判犯有专业不当行为。学生们将被问及他们是否会得出与纪律委员会成员相同的结论。
期刊介绍：
Accounting Perspectives provides a forum for peer-reviewed applied research, analysis, synthesis and commentary on issues of interest to academics, practitioners, financial analysts, financial executives, regulators, accounting policy makers and accounting students. Articles are sought from academics and practitioners that address relevant issues in any and all areas of accounting and related fields, including financial accounting and reporting, auditing and other assurance services, management accounting and performance measurement, information systems and related technologies, tax policy and practice, professional ethics, accounting education, and related topics. Without limiting the generality of the foregoing.
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