An online filing error has revealed that the Public Company Accounting Oversight Board authorized a probe into a 2003 audit performed by Big Four accounting firm Deloitte & Touche LLP.
According to an order inadvertently made available on the U.S. Securities and Exchange Commission Web site, the PCAOB issued an order in May to review Deloitte's work for Navistar International Corp., a manufacturer of trucks, school buses and diesel engines. While the order does not explain what Deloitte may have done wrong, it does say that the firm may have failed to comply with at least five auditing standards.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access