All Preparer Updates

Investor Bulletin - Opportunity to Comment on Proposal to Strengthen Accountability for Contributing to an Audit Firm’s Violations

Information for Investors

The PCAOB has issued a proposal to strengthen accountability for contributing to firm violations.

The PCAOB will hold an open meeting on September 19, 2023, at 10:00 a.m. ET to consider issuing for public comment a proposal to amend the Board’s rule on contributory liability for firm violations.

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’s report on 2022 broker-dealer audits provides recommended actions to address rising deficiency rates.

Read the report

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.

The PCAOB is seeking nominations for members of its Investor Advisory Group and Standards and Emerging Issues Advisory Group.

About the PCAOB

Investor Bulletin - Opportunity to Comment on Proposed Updates to PCAOB Standards Addressing the Use of Data Analytics by Auditors

Information for Investors

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

Audits with deficiencies rose again in 2022, according to new PCAOB Staff report.

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.

The PCAOB has enhanced its website with new ways for investors and others to find and understand information in inspection reports.

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

Investor Bulletin - Opportunity to Comment on PCAOB Proposal on Noncompliance With Laws and Regulations

Information for Investors