Moral / Ethical obligations of an Audit Firm

Suppose that a U.S.-based accounting firm has a major audit client in a foreign country that routinely engages in business practices that are considered legal

in that country but that would qualify as both illegal and unethical in the United States. What specific moral or ethical obligations, if any, would these

circumstances impose on this accounting firm? Based on this, what responsibilities, if any, do you believe PwC had to Gazprom’s minority investors?

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