- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-03-21T17:50:00
The Public Company Accounting Oversight Board (PCAOB) imposed collective fines totaling $150,000 against three partners at KPMG China for violations of standards related to their audit work at education service provider Tarena International.
Choi Chung Chuen, Ma Hong Chao, and Dong Chang Ling agreed to be censured and pay penalties of $75,000, $50,000, and $25,000, respectively, the PCAOB announced in a press release Wednesday.
Choi and Ma will be barred from working at a registered public accounting firm for a year, at which point they can petition the board to return after completing continuing professional education. Dong will be limited from acting in certain roles on issuer audits for a year and be required to complete continuing professional education.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2024-09-16T19:45:00Z By Aaron Nicodemus
Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande.
2024-03-29T15:39:00Z By Kyle Brasseur
Big Four audit firm PwC was assessed a $2.75 million penalty by the Public Company Accounting Oversight Board for failures in its auditor independence processes related to a 2018 engagement.
2024-02-07T12:51:00Z By Kyle Brasseur
China-based technology company Cloopen Group Holding won’t pay a fine in settling with the Securities and Exchange Commission over an alleged accounting fraud scheme perpetrated by two of its former senior managers.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
Site powered by Webvision Cloud