By Kyle Brasseur2023-09-26T22:02:00
BDO was assessed a $2 million penalty as part of a settlement with the Public Company Accounting Oversight Board (PCAOB) addressing alleged failures in the firm’s audit work at defunct healthcare services provider AAC Holdings.
The PCAOB also disciplined two BDO partners regarding the matter, which was announced in a press release Tuesday.
The penalties related to violations of PCAOB rules and audit standards during the firm’s 2017 audit at AAC.
2023-11-14T21:22:00Z By Kyle Brasseur
The Greece-based branch of Big Four audit firm PwC agreed to pay $3 million as part of a settlement with the Public Company Accounting Oversight Board addressing alleged failures in due professional care and appropriate skepticism regarding an audit of a marine fuel logistics company.
2023-10-16T14:29:00Z By Kyle Brasseur
A new staff report issued by the Public Company Accounting Oversight Board seeks to provide best practices for auditors amid observations of rising deficiency rates related to engagement quality reviews.
2023-09-29T21:45:00Z By Adrianne Appel
Accounting firm Prager Metis violated auditor independence rules through use of indemnification provisions in its engagement letters hundreds of times during a period of nearly three years, the Securities and Exchange Commission charged in a lawsuit.
2025-08-06T20:18:00Z By Aly McDevitt
A delayed product hazard report cost one company criminal and civil penalties—and a mother her life. This case shows why timely reporting and executive accountability are non-negotiable for compliance teams.
2025-08-06T14:00:00Z By Oscar Gonzalez
The Trump administration declawed the Consumer Financial Protection Bureau from the very beginning of his second term. It now appears the agency might be running out of money.
2025-08-05T16:23:00Z By Adrianne Appel
The Securities and Exchange Commission and Department of Justice ended a seven-year review of GE HealthCare Technologies’ China unit for possible violations of the Foreign Corrupt Practices Act.
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