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PCAOB Routs Nevada Firm Where Beckstead Landed

Tammy Whitehouse | April 1, 2015

The Public Company Accounting Oversight Board has thrown the book at a small Nevada audit firm for a long list of audit violations, including a suspension for Brad Beckstead, former partner with Beckstead and Watts whose challenge to audit inspections and the existence of the PCAOB before the U.S. Supreme Court created uncertainty over the future of audit regulation.

Beckstead is barred from having any association with any firm registered with the PCAOB for one year, then faces limitations on what he can do in public company auditing for an additional year after the suspension. He’s censured and required to complete professional education in public company audits because of violations of PCAOB standards “in multiple respects,” the PCAOB said. The board says as an engagement partner with Nevada firm L.L. Bradford...

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