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PwC Auditing Violations Justify $5.5B Claim, Expert Says

By Nathan Hale (August 11, 2016, 10:06 PM EDT) -- Testifying in support of a $5.5 billion claim against PricewaterhouseCoopers LLP alleging it should have stopped a massive fraud at now-bankrupt Taylor Bean & Whitaker Mortgage Corp., an expert in auditing standards on Thursday picked apart the ways the firm failed to fulfill its obligations and duties....

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