The Public Company Accounting Oversight Board (PCAOB) on Wednesday fined two EY partners for “failing to perform adequate procedures and obtain sufficient evidence concerning certain significant unusual transactions” in connection with the Big Four firm’s audit of a New Jersey software company.
Alison Yablonowitz and Shawn Rogers were ordered to pay $25,000 and $10,000, respectively, for their alleged lapses while serving as engagement partners on EY’s audits of Synchronoss Technologies’ financial statements for the years ended 2014 through 2016. Without admitting or denying the PCAOB’s findings, Yablonowitz agreed to a one-year suspension from being associated with a public accounting firm, while Rogers was censured.
