This article at YahooNews refrences another probable manipulation of financial statements. The SEC called for the restatement of Tyco's financial results over the past 5.5 years. Tyco's former auditor, PwC, had previously examined and approved the company's financial results. The partner in charge of Tyco's audits now faces a lifetime cease and desist order because PwC executives allegedly twisted the accounting books to furnish excessive personal spending without restraint. One example given is the expenditure of $6,000 on a shower curtain. Although no criminal litigation is likely to arise, PwC partner Richard Scalzo is permanently banned from preparing financial statements, PwC will no longer preform auditing services for Tyco, and the accounting firm's reputation has been tarnished.

Another blow against the accounting firm's work came in August when the SEC slapped the PwC partner who had overseen Tyco's audits with a lifetime ban. The SEC found that PwC partner Richard Scalzo was "reckless" and stood idle as the conglomerate's top executives manipulated accounting entries to conceal their lavish spending and pay.