Lack of “professional skepticism” led to sanctions of a former PricewaterhouseCoopers partner in Brazil over an audit of Sara Lee. According to the PCAOB’s settled disciplinary order, the auditor failed to adequately scrutinize accounts receivable, which may have led to an overvaluation of this asset. He “did not provide sufficient competent evidence to support the existence or valuation of accounts receivable,” the agency says in the order. The auditor neither admitted nor denied the findings, and he was censured, fined $10,000, and barred for two years from associating with a registered public accounting firm.