The Public Company Accounting Oversight Board sanctioned accounting firm Beckles & Co. for repeatedly failing to disclose who worked on audits. The PCAOB censured the firm and imposed a $35,000 civil money penalty while requiring the firm to comply with policies and procedures to ensure compliance with PCAOB requirements.
According to the order, the Board found the firm failed to timely file required Form APs, violating PCAOB Rule 3211, Auditor Reporting of Certain Audit Participants, for nine different 2023 and 2024 public company audits.
Firms registered with the PCAOB are required to file a Form AP for each audit they issue. This helps investors, audit committees and other stakeholders know who led specific audits for the firm and whether any other firms were involved in the audit.
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