Attachment to Press Release: PCAOB Announces $8 Million Settlement with Deloitte Brazil for Violations Including Issuing Materially False Audit Reports and 12 Individuals Also Sanctioned for Various Violations

December 5, 2016

The 12 orders with individual respondents in the Deloitte Brazil order released December 5, 2016, are listed below. All individuals were censured and received the sanctions below. None are currently associated with Deloitte Brazil. All of the individual respondents neither admitted nor denied the allegations contained in their respective orders.

  • José Domingos do Prado, 2010 Gol Audit engagement partner, former Audit Practice Leader – Permanently barred from being an associated person of a registered firm for:
    • directly and substantially contributing to the firm's violation of Section 10(b), Rule 10b-5, and PCAOB standards
    • violating PCAOB standards during the 2010 Gol Audit
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection and directly and substantially contributing to the firm's failure to cooperate with a PCAOB inspection
    • failing to cooperate with a PCAOB investigation and directly and substantially contributing to the firm's failure to cooperate with a PCAOB investigation
  • Maurício Pires de Andrade Resende, former Risk and Reputation Leader – Barred from being an associated person of a registered firm with a right to request terminating the bar after five years for:
    • failing to cooperate with a PCAOB investigation and directly and substantially contributing to the firm's failure to cooperate with a PCAOB investigation
    • Resende's penalty reflected credit for extraordinary cooperation
  • Wanderley Olivetti, former National Professional Practice Director – Barred from being an associated person of a registered firm with a right to request terminating the bar after five years for:
    • failing to cooperate with a PCAOB investigation and directly and substantially contributing to the firm's failure to cooperate with a PCAOB investigation
    • Olivetti's penalty reflected credit for extraordinary cooperation
  • André Ricardo Aguillar Paulon, 2010 Gol Audit senior manager, later firm partner – One year restriction on service as engagement partner or engagement quality reviewer for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection and failing to cooperate with a PCAOB investigation
    • Paulon's penalty reflected significant credit for extraordinary cooperation
  • James Roderick Talbot Oram, 2010 Gol audit engagement quality reviewer – One year suspension from being an associated person of a registered firm for:
    • violations of PCAOB standards during the 2010 Gol Audit
  • Joao Rafael Belo de Araujo Filho, senior manager, later firm partner – Barred from being an associated person of a registered firm with a right to request terminating the bar after one year and will pay a $10,000 civil money penalty for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection
  • Leonardo Fonseca de Freitas Maia, senior manager, later firm partner – Barred from being an associated person of a registered firm with a right to request terminating the bar after one year and will pay a $10,000 civil money penalty for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection
  • José Fernando Alves, 2010 Gol Audit partner for information technology work – Barred from being an associated person of a registered firm with a right to request terminating the bar after one year and will pay a $20,000 civil money penalty for:
    • failing to cooperate with a PCAOB inspection
  • Renata Coelho de Sousa Castelli, 2010 Gol Audit manager for information technology work – Barred from being an associated person of a registered firm with a right to request terminating the bar after three years for:
    • failing to cooperate with a PCAOB inspection and failing to cooperate with a PCAOB investigation
  • Marco Aurelio Paulino Neves, "Issuer 2" audit second partner – Barred from being an associated person of a registered firm with a right to request terminating the bar after three years and will pay a $20,000 civil money penalty for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection
  • Simone Pacheco Lemos do Amaral, "Issuer 2" audit senior manager – Barred from being an associated person of a registered firm with a right to request terminating the bar after one year for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection
  • Walter Vinicius Barreto Brito Silva, "Issuer 2" audit manager – Barred from being an associated person of a registered firm with a right to request terminating the bar after one year for:
    • improperly altering audit documentation
    • failing to cooperate with a PCAOB inspection