The Public Company Accounting Oversight Board (PCAOB) announced Tuesday it imposed monetary penalties and other sanctions in two unrelated actions for violations of the Sarbanes-Oxley Act and PCAOB rules and standards concerning the use of unregistered accounting firms in conducting issuer audits.
In one PCAOB action, the board censured and fined accounting firm WWC $50,000 and required it to “undertake and certify the completion of certain improvements to its system of quality control,” the PCAOB stated.
