BusinessPostCorner.com
No Result
View All Result
Wednesday, July 16, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

PCAOB fines and permanently bars CPA firm

August 18, 2023
in Accounting
Reading Time: 3 mins read
A A
0
PCAOB fines and permanently bars CPA firm
ShareShareShareShareShare

The Public Company Accounting Oversight Board has permanently revoked the registration of AJ Robbins CPA LLC, and permanently barred its owner, Allan Jeffrie Robbins, from association with any registered firm, while also imposing $150,000 in total fines.

According to the adjudicated disciplinary order from the board, the firm and Robbins violated a number of rules and standards around independence and professional skepticism, and also improperly altered documents and otherwise failed to cooperate with the PCAOB investigation.

The firm had a business relationship with an officer and director of an issuer client that violated independence standards, the order said. It also specifically noted that:

  • Between 2016 and 2018, the firm issued a number of audit reports and interim review engagements without first obtaining concurring approval for issuance from an engagement quality reviewer.
  • It failed to conduct two issuer audits with due professional care and professional skepticism during 2018.
  • Both the firm and Robbins failed to cooperate with a board inspection during 2018, improperly altering audit documentation and making misrepresentations to inspections staff.

The order was based on the initial decision of the PCAOB hearing officer; as it was not appealed by anyone involved, or taken up for further review by the board or the Securities and Exchange Commission, it took effect on Aug. 1.
“Professional skepticism, independence and cooperation with PCAOB inspections are fundamental to auditors’ responsibilities to protect investors. When auditors fail to uphold those responsibilities, the PCAOB will take action,” said board chair Erica Williams, in a statement.

Neither the firm nor their lawyer was immediately available for a comment.

The PCAOB’s announcement is the latest in a recent slew of disciplinary orders; the board has been warning auditors for more than a year that it intends to be aggressive in enforcement.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations

Next Post

On the move: Marcum gala raises $860K

Next Post
On the move: Marcum gala raises 0K

On the move: Marcum gala raises $860K

Post Office could be owned by its workers, government says

Post Office could be owned by its workers, government says

July 14, 2025
5 best CRMs for legal businesses in 2025

5 best CRMs for legal businesses in 2025

July 16, 2025
What is an Isa and how might the rules change?

What is an Isa and how might the rules change?

July 11, 2025
Four arrested in connection with M&S and Co-op cyber attacks

Four arrested in connection with M&S and Co-op cyber attacks

July 10, 2025
Inside Constant Contact’s proven formula for high-growth recruiting

Inside Constant Contact’s proven formula for high-growth recruiting

July 15, 2025
Sports and entertainment mogul accused of making secret backroom deal in 8 million arena project

Sports and entertainment mogul accused of making secret backroom deal in $338 million arena project

July 9, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

In the blogs: Ob-La-Di OBBBA

In the blogs: Ob-La-Di OBBBA

July 16, 2025
Labubu craze to drive up profit 350%, China’s Pop Mart says

Labubu craze to drive up profit 350%, China’s Pop Mart says

July 16, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!