Below a few of the reasons Florida CPA’s may find themselves facing Disciplinary Actions: Attempting to procure a license to practice public accounting by bribery or fraudulent misrepresentations. False or fraudulent advertising. Having a CPA license revoked, suspended, denied, or otherwise acted against by the licensing authority of another state, territory, or country. Any fraudulent […]
Tag Archives: Public Company Accounting Oversight Board
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 […]
8
Jan
Financial Preparers Oppose the PCAOB’s Plan for More Disclosures
The PCAOB’s proposal requiring additional information in the auditors’ report, is facing opposition from the preparers of financial statements, industry organizations and audit committees. In a recent Journal of Accountancy article, they reported more than 60 companies posting letters on the PCAOP’s website expressing opposition to the proposed requirements for the auditor to include descriptions of “critical […]
19
Dec
Six Key Risk Factors for Auditors
In the recent edition of the Journal of Accountancy, the auditing of internal control over financial reporting, is listed as a topic that has received a lot of attention from the PCAOB this year, and is one of the key risk factors for the 2013 audit cycle, according to a new Center for Audit Quality (CAQ) alert. A […]
9
Jul
Public Company Accounting Oversight Board (PCAOB) on Integrity and Objectivity
The following is from the PCAOB’s website: The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of broker and dealers, including compliance reports filed pursuant […]
4
Jun
Public Company Accounting Oversight Board (PCAOB)
The Public Company Accounting Oversight Board (PCAOB) is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. Its purpose is to “protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports”. Although a private […]
4
Jun
New Policies from the “Public Company Accounting Oversight Board” (PCAOB)
The following is information released by the Public Company Accounting Oversight Board: “POLICY STATEMENT REGARDING CREDIT FOR EXTRAORDINARY COOPERATION IN CONNECTION WITH BOARD INVESTIGATIONS PCAOB Release No. 2013-003 April 24, 2013 Summary The Public Company Accounting Oversight Board (“PCAOB” or “Board”) is issuing this policy statement to provide guidance to registered public accounting firms (“firms”) […]