All Enforcement Updates

The PCAOB has sanctioned Adeptus Partners LLC and a partner for violations related to supervision, review, and quality control.

The PCAOB has sanctioned James Pai CPA PLLC and its sole partner for audit failures.

The PCAOB has sanctioned PwC Singapore for violations of PCAOB rules and quality control standards.

The PCAOB has sanctioned an engagement partner for multiple audit failures and a violation of independence requirements.

The PCAOB announced settled disciplinary orders sanctioning nine firms from KPMG’s global network for violations of PCAOB rules and standards, including quality control standards.

The PCAOB has sanctioned a former engagement partner for violating multiple PCAOB rules and standards, including failure to cooperate with a PCAOB inspection.

The PCAOB has sanctioned an audit firm, finding that quality control deficiencies resulted in widespread answer sharing by firm personnel on internal training tests.

The PCAOB has sanctioned an audit partner for issuing audit report before completing all necessary audit procedures.

The PCAOB has sanctioned an audit partner for improperly and repeatedly altering workpapers in two PCAOB inspections and a PCAOB investigation.

The PCAOB has sanctioned SS Accounting and Auditing Inc. and partner for multiple violations of PCAOB rules and standards.

Imposing a $500,000 fine, the PCAOB has sanctioned Baker Tilly US, LLP for quality control violations.

The PCAOB has sanctioned a firm and three of its partners for attempting to deceive the PCAOB’s inspection staff, among other violations.

The PCAOB has sanctioned an audit firm and its sole partner for violations of PCAOB rules and standards.

The PCAOB has sanctioned five firms for violations of rules related to required reporting.

The PCAOB has revoked the registration of a Chinese firm for repeatedly violating PCAOB reporting rules and failing to cooperate with a Board investigation.

The PCAOB has sanctioned Yusufali & Associates LLC and its sole partner for multiple violations of PCAOB rules and standards.

The PCAOB has sanctioned five audit firms for violations related to audit committee communications or reporting requirements.

The PCAOB has sanctioned De Visser Gray LLP for quality control violations related to audit methodology, critical audit matters, independence, audit committee communications, and Form AP.

The PCAOB has sanctioned two firms for violations of rules related to required reporting.

The PCAOB has sanctioned L&L CPAs, PA and three associated individuals for violations related to quality control, audit failures, and Form AP deadlines.