In: Finance
Does it appear from the facts of the case that the Deloitte auditors met their ethical and professional responsibilities in the audit of Nortel’s financial statements?
No, Deloitte auditors did not meet their ethical and professional responsibilities in the audit of Nortel’s financial statements. They should not have relied upon the false and fraud financial statements and reports, they should have gathered their own information. Auditors failed to tell about the internal control measures for stopping accounting irregularities.
Deloitte Auditors did not perform their professional responibilities properly.