审计师对不遵守法律法规的责任:富国银行未经授权的账户活动案例

IF 1 Q3 BUSINESS, FINANCE

ISSUES IN ACCOUNTING EDUCATION Pub Date : 2023-10-01 DOI:10.2308/issues-2022-052

John D. Keyser, Jason L. Smith

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引用次数: 0

摘要

2016年9月，美国消费者金融保护局(CFPB)宣布对富国银行采取执法行动，涉及不当销售行为。在调查发现数千名员工普遍滥用职权(例如，未经客户同意开立存款和信贷账户)之后，富国银行支付了1.85亿美元的民事罚款以及其他大量惩罚性费用和罚款。本案例研究使用这个现实世界的例子来探讨重要性对审计范围的影响，审计师对发现和沟通违反法律法规的责任(NOCLAR)，以及审计师在评估财务报告内部控制(ICFR)时对控制环境的考虑。完成案例后，学习者能够讨论相关的专业准则，并认识到重要性考虑因素对财务报表错报、NOCLAR和内部控制缺陷决策的影响。JEL分类:M41;M42。

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The Auditor’s Responsibility for Noncompliance with Laws and Regulations: A Case of Unauthorized Account Activity at Wells Fargo

ABSTRACT In September 2016, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Wells Fargo related to improper sales practices. Following investigations revealing widespread abuse by thousands of employees (e.g., opening deposit and credit accounts without customer consent), Wells Fargo paid civil monetary penalties of $185 million and other substantial punitive fees and fines. This case study uses this real-world example to explore the influence of materiality on the scope of an audit, the auditor’s responsibility for detection and communication of noncompliance with laws and regulations (NOCLAR), and the auditor’s consideration of the control environment in the evaluation of internal controls over financial reporting (ICFR). After completing the case, learners are able to discuss relevant professional standards and recognize the impact of materiality considerations on decisions about financial statement misstatements, NOCLAR, and internal control deficiencies. JEL Classifications: M41; M42.

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来源期刊

ISSUES IN ACCOUNTING EDUCATION BUSINESS, FINANCE-

CiteScore

2.60

自引率

33.30%

发文量

期刊介绍： The mission of Issues in Accounting Education is to publish research, commentaries, instructional resources, and book reviews that assist accounting faculty in teaching and that address important issues in accounting education. The journal will consist of two major sections, “Research and Commentary” and “Instructional Resources”.