Spielman Koenigsberg & Parker partner fined record $150K for misleading PCAOB
By 
Kyle Brasseur2022-10-18T19:39:00
An audit partner at accounting firm Spielman Koenigsberg & Parker (SKP) agreed to pay a record $150,000 fine handed down by the Public Company Accounting Oversight Board (PCAOB) for misleading its investigators over the course of multiple inspections.
The alleged actions of Jonathan Taylor also earned SKP a fine of $150,000 and led to the PCAOB revoking the firm’s registration for at least five years. SKP was further censured for failing to establish and implement adequate quality control policies and procedures, according to the regulator.
Taylor agreed to be censured and permanently barred from association with a registered public accounting firm as part of his settlement. His financial penalty total is the highest the regulator has assessed against an individual.
THIS IS MEMBERS-ONLY CONTENT
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.
Related articles
-
BlogPCAOB appoints Robert Rice new director of enforcement division
The Public Company Accounting Oversight Board announced Robert Rice would succeed Mark Adler as head of enforcement and investigations.
-
ArticlePCAOB enforcement roundup: Grant Thornton fined in disclosure crackdown
The Public Company Accounting Oversight Board announced several notable enforcement actions last week, including sanctions against six firms for allegedly violating agency reporting requirements.
-
ArticlePCAOB fines 4 firms for failing to identify who led, participated in audits
The Public Company Accounting Oversight Board penalized four audit firms for failing to disclose who led specific audits for their firms and whether any other firms were involved in those audits.
More from Regulatory Enforcement
-
Basic PageFTC case against insulin price gouging halted after commissioners fired by Trump
A Federal Trade Commission case against insulin price gouging has come to a screeching halt after two Democratic commissioners were fired by President Donald Trump.
-
News BriefFRC fines PwC, auditor combined $4.1M over 2019 work of Wyelands Bank
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.
-
News BriefDOJ fines MORSE Corp $4.6M for lax cyber controls amid crack down on federal contractors
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.