Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB
The PCAOB added six audit firms—three international, including a KPMG affiliate, and three in the U.S., including Grant Thornton—to its 2022 naughty list on Dec. 22 for not making required disclosures on Form 3. If a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another […]
PwC and BDO Hong Kong Affiliates Got Their Hands Slapped by the PCAOB
As we begin to take a look back at the year that was 2019, one of the weird things public accounting firms were disciplined for this year by the PCAOB was for not disclosing that they’ve been the focus of a non-PCAOB disciplinary hearing. According to PCAOB Rule 2203, if a firm is a defendant […]
The PCAOB Is Sick and Tired of Not Being Told About Firms’ Past Disciplinary Hearings
RSM US isn’t the only firm that has been lazy about disclosing to the PCAOB that they’ve been involved in a non-PCAOB disciplinary proceeding. In fact, RSM’s affiliate in Hong Kong and Deloitte’s affiliate in Colombia are also guilty of taking too damn long to send the PCAOB the proper paperwork. And now both firms […]
PCAOB Fined RSM US $15,000 for Taking Its Sweet-Ass Time to File a Form 3
Say a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another regulator. That firm has to let the PCAOB know about this by filing Form 3, Special Report, within 30 days after the event. The firm also has to let the PCAOB know that it […]