By Kyle Brasseur2023-10-25T13:58:00
Canada-based accounting firm Smythe agreed to pay a $175,000 penalty in settling with the Public Company Accounting Oversight Board (PCAOB) regarding its use of unregistered firms across four issuer audits.
Smythe overrelied on the work of PKF Audisur and PwC Malta in violation of PCAOB rules, the agency said in a press release Tuesday. The PCAOB required Smythe to review and evaluate its quality control policies and procedures, among its remedial mandates.
Smythe used the work of PKF Audisur on its audits of the fiscal year 2020 and 2021 financial statements of wireless infrastructure company Tower One and the work of PwC Malta on its audits of the FY2020-21 financials of merchant bank Scully.
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.
2023-03-28T13:19:00Z By Kyle Brasseur
Friedman agreed to pay a $100,000 penalty to settle charges by the Public Company Accounting Oversight Board it over-relied on the work of unregistered Chinese firms across 12 public company audits.
2022-10-19T20:39:00Z By Kyle Brasseur
Three affiliates of KPMG agreed to pay a total of $275,000 in penalties for failing to disclose unregistered firm participation in public company audits—the latest such PCAOB enforcement cases for the global accounting firm.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
2025-09-03T17:43:00Z By Adrianne Appel
The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.
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