If you fail to arrest problems when you first find them you end up in a situation of either having to go along with bigger violations in the future, or of standing up to the client and correcting it. Of course doing that involves both embarrassment to the firm and the auditor.
There are more financial misstatements and fraud now. There was a time it was a rare day to get caught in a fraud case. In the last year or two lots of big capitalization, nationally known companies have been involved in financial fraud.
What difference does it make if she's black or not to these people? Why in the world would they refer to her in that manner?
Using subpoenas in insider trading cases is the norm.
