All Enforcement Updates

The PCAOB has sanctioned six audit firms for violating PCAOB rules and standards related to audit committee communications.

The PCAOB has sanctioned Somerset CPAs, P.C. and three of its partners for violations of PCAOB rules and audit standards.

The PCAOB has sanctioned KPMG AZSA LLC for quality control violations.

The PCAOB has fined PwC Greece $3 million for audit violations.

The PCAOB has sanctioned Smythe LLP for improper use of unregistered firms in four audits.

The PCAOB has sanctioned BDO USA, P.C. and two of its partners for violations of PCAOB rules and audit standards.

The PCAOB has sanctioned K.R. Margetson Ltd. and Keith R. Margetson for violating PCAOB audit and quality control standards.

The PCAOB has sanctioned Warren Averett, LLC for auditor independence and quality control violations.

The PCAOB has sanctioned AJ Robbins, CPA, LLC and Allan Jeffrie Robbins, CPA for violations of various PCAOB rules and standards.

The PCAOB has sanctioned three audit firms for failing to report required information to the PCAOB.

The PCAOB has sanctioned RAM Associates & Company LLC and owner for quality control and other violations.

The PCAOB has sanctioned Ciro E. Adams, CPA, LLC and its engagement partner for violations of audit standards in multiple issuer audits.

The PCAOB has sanctioned Blue & Co., LLC for auditor independence and quality control violations.

The PCAOB has sanctioned K G Somani & Co. LLP and engagement partner for violations of audit and quality control standards.

Following a sweep, the PCAOB has sanctioned five firms for violating PCAOB rules and standards related to audit committee communications.

Chief Information and Data Officer Eric Hagopian will leave the PCAOB after more than four years of service. Evan Lee has been named Acting Chief Information Officer.

About the PCAOB

The PCAOB sanctions Edward Turner, CPA, for noncooperation with a Board inspection and improper alteration of audit documentation. The order permanently bars Turner and imposes a $50,000 fine on him.

Raymond J. Hamm, Deputy Director of Division of Enforcement and Investigations, to leave the PCAOB.

About the PCAOB

After over three years of service as General Counsel, Kenneth Lench will depart the PCAOB on July 14. James Cappoli has been appointed Acting General Counsel.

About the PCAOB

The PCAOB sanctions CohnReznick LLP for failing to make required disclosures on a timely basis.