By Aaron Nicodemus2022-10-05T16:35:00
The Public Company Accounting Oversight Board (PCAOB) penalized four audit firms for failing to disclose who led specific audits for their firms and whether any other firms were involved in those audits.
The lapses were discovered by the PCAOB during a sweep, where the regulator collected information regarding potential violations from multiple firms at the same time. The PCAOB found the four firms failed to file Form AP within 35 days after the date an audit report is first included in a document filed with the Securities and Exchange Commission.
All four firms have since filed their Form APs, but only after the PCAOB took action, the regulator said Tuesday in a press release.
2023-09-27T20:21:00Z By Kyle Brasseur
A Colombian affiliate of Big Four audit firm Deloitte agreed to pay $900,000 as part of a settlement with the Public Company Accounting Oversight Board addressing alleged quality control lapses that occurred during the 2016 audit of a bank.
2022-12-27T18:13:00Z By Kyle Brasseur
The Public Company Accounting Oversight Board announced several notable enforcement actions last week, including sanctions against six firms for allegedly violating agency reporting requirements.
2022-10-18T19:39:00Z By Kyle Brasseur
Jonathan Taylor, an audit partner at accounting firm Spielman Koenigsberg & Parker, agreed to pay a record $150,000 fine handed down by the Public Company Accounting Oversight Board for misleading its investigators over the course of multiple inspections.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
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