All Enforcement Updates

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.

The PCAOB sanctions Total Asia Associates PLT for violations of quality control standards, fining the firm $80,000 and revoking its PCAOB registration.

The PCAOB sanctions Friedman LLP partners for violations of PCAOB rules and standards in audits of a China-based issuer.

Imposing $3 Million Fine and Requiring First-Ever Changes to Supervisory Structure, PCAOB Sanctions Marcum LLP for Significant Quality Control Violations.

The PCAOB sanctions Barzily & Co. Certified Public Accountants for violations of quality control rules and standards, among others.

The PCAOB sanctions RT LLP for violations of rules and standards related to quality control, documentation, and Form AP requirements.

The PCAOB sanctions Friedman LLP for improper use of unregistered Chinese firms.

The PCAOB has named experienced prosecutor Robert E. Rice Director of its Division of Enforcement and Investigations.

About the PCAOB

PCAOB Chair Erica Y. Williams applauds congressional action to shorten the Holding Foreign Companies Accountable Act’s timeline.

The PCAOB sanctions six firms for failing to make required disclosures.

The PCAOB sanctions EY Canada engagement partner for flawed auditing of management estimate.