Well this is the ethical dilemma of every audit firm. Audit firms can't be independent because they are paid by the people they are auditing.
I remember during my training finding a material irregularity with a medium/large client. Once we had gone through the procedure of reporting them and amending prior year audit reports. They fired us the second they were legally allowed to.
Everyone knows this is going to happen so if anyone is morally compromised and let's be honest money has that effect on a lot of people. Well they don't report and try to hide the problem.
The biggest bullshit is that these guys paid the fine and didn't need to plea. Are they being taken up by the CPA and having their professional designation revoked? Because it doesn't seem like it.
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