BDO fined $2M by PCAOB for estimate evaluation lapses
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.
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