7
Sep

Florida Accountancy Disciplinary Proceedings

The following is from the 2016 Florida Statutes, Located in CHAPTER 473 PUBLIC ACCOUNTANCY “Disciplinary proceedings.— (1) The following acts constitute grounds for which the disciplinary actions in subsection (3) may be taken: (a) Violation of any provision of s. 455.227(1) or any other provision of this chapter. (b) Attempting to procure a license to practice public accounting […]

15
Jan

PCAOB Disciplines Seven Audit Firms

The Public Company Accounting Oversight Board (PCAOB) announced disciplinary orders against seven audit firms for violating rules requiring that the auditors of brokers and dealers be independent of their audit clients were settled. According to the PCAOB, in the settlements, in addition to a censure, each firm agreed to undertake significant remedial measures, including: To establish […]

10
Jun

What Powers Does the Public Company Accounting Oversight Board (PCAOB) Have?

The PCAOB has authority to investigate and discipline registered public accounting firms and persons associated with those firms for noncompliance with the Sarbanes-Oxley Act of 2002, the rules of the PCAOB and the Securities and Exchange Commission, and other laws, rules, and professional standards governing the audits of public companies, brokers, and dealers. When violations […]