The Public Company Accounting Oversight Board announced a settled disciplinary order Monday against Randall A. Stone, CPA, of Austin, Texas, a former PricewaterhouseCoopers LLP partner, for violating PCAOB rules and standards in PwC's 2007 audit of the medical device company ArthroCare Corporation.
Stone was the partner in charge of the 2007 audit of ArthroCare. His violations included ignoring or failing to properly address numerous indicators of improperly recognized revenue in significant unusual transactions, according to the PCAOB .
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