PCAOB fines AJ Robbins CPA, owner $150K for audit misconduct

Accounting

The Public Company Accounting Oversight Board (PCAOB) fined a Colorado-based audit firm and its founding partner a total of $150,000 for alleged professional skepticism failures and improperly altering audit documentation.

The regulator also revoked the registration of the firm, AJ Robbins CPA, and permanently barred its managing partner and owner, Allan Jeffrie Robbins, from association with any registered public accounting firm, the PCAOB announced Thursday.

Between 2016 and 2018, the firm issued multiple audit reports and interim review engagements without first obtaining concurring approval for issuance from an engagement quality reviewer, the PCAOB stated in its final decision.

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