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PCAOB: Dealing with the Regulator

PCAOB: Dealing with the Regulator

Discover the latest insights into PCAOB Enforcement Actions of 2023 during this informative 2-hour CPE audit event.


In the current year, twenty-one PCAOB registered firms have collectively faced over $14.5 million in fines from both the PCAOB and SEC due to a range of improper behaviors, including violations in:

  • Quality Control
  • Audit Standards
  • Independence
  • Professional Skepticism
  • Audit Documentation Integrity
  • Rule Violations
  • Engagement with Unregistered Firms
  • Communication with Audit Committees
  • Failure to Disclose Required Information


This comprehensive event offers participants an in-depth overview of the PCAOB's regulatory activities thus far in 2023. The focus will be on dissecting the specific shortcomings observed in renowned firms like Marcum, Friedman LLP, Blue & Company, AJ Robbins CPA, Turner, Stone & Company, Ciro E. Adams CPA, BPM LLP, and CohnReznick LLP.


Our analysis delves into Inspection Reports, Orders Instituting Disciplinary Proceedings, Findings, Sanctions, and associated press releases for all twenty-one instances of non-compliance with PCAOB Auditing Standards and Rules.


Attendees in this PCAOB auditing standard CPE event will earn 2 CPE Event Hours (YB) and receive a certificate of completion as a testament to your professional development.


Don't miss this opportunity to enhance your understanding of the PCAOB and how to interact with this Federal regulator. Register now to equip yourself with the necessary skills for successful external auditing in the dynamic regulatory landscape.

  • Details on Event Presentation

    Offered every six weeks on Wednesdays at 1:00 p.m. to 3:00 p.m. Central Time in two CPE-Credit event.

    We can schedule private events on your timetable for two or more attendees.

    NASBA Program Disclosure

    Program Level of Understanding: Basic

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: Group Internet Based

    NASBA Field(s) of Study: Auditing

    CPE Credits: 2, based on 50 minutes of instruction per hour

  • CPE Event Highlights

    • Gain Insights into 2023 PCAOB Enforcement Actions: Stay informed about the latest developments in PCAOB Enforcement Actions for 2023, exploring the actions taken against twenty-one registered firms that collectively faced fines exceeding $14.5 million from the PCAOB and SEC.
    • Comprehensive Overview of Improper Behaviors: Dive into the range of improper behaviors that led to these enforcement actions, including violations in crucial areas such as Quality Control, Audit Standards, Independence, Professional Skepticism, and more.
    • In-Depth Analysis of Specific Cases: Explore the shortcomings observed in well-known firms like Marcum, Friedman LLP, Blue & Company, and others. Discover insights from Inspection Reports, Orders Instituting Disciplinary Proceedings, Findings, Sanctions, and press releases detailing non-compliance instances.
  • Learning Objectives

    This event will improve the PCAOB auditor's efficiency and effectiveness by:

    • Understanding the PCAOB Enforcement Actions
    • Reviewing Root Causes 
    • Knowing underlaying elements of a healthy corporate culture at a PCAOB Audit Firm
  • Key Issues on the Agenda

    Introductions and Administrative Items

    • Introductions

    • Learning Objectives

    Section 1 - Overview of the 2023 PCAOB Sanctions

    • Historical SEC & PCAOB Investigations

    • The PCAOB Enforcement Actions YTD

    • Quality Control Violations

    • Violations of Audit Standards

    • Independence

    • Professional Skepticism Failures

    • Alternation of Documents

    • Improper Use of Unregistered Firm

    • Noncooperation

    • Communications with Audit Committee

    • Failing to Make Required Disclosures

    Section 2 - “Healthy” Explicate Values for the PCAOB Firm

    Section 3 - Going Forward and Summary

    • Remember the "Swiss Cheese"

  • Summary of the Subject Matter

    Stay up-to-date with the latest developments in PCAOB Enforcement Actions for 2023 through this insightful 2-hour CPE audit event. In the current year, twenty-one PCAOB registered firms collectively faced substantial fines exceeding $14.5 million, imposed by both the PCAOB and SEC. These penalties were a result of various improper behaviors encompassing violations in over nine key areas.

    This comprehensive event offers participants an in-depth exploration of the PCAOB's regulatory activities throughout 2023. The focus will center on dissecting the specific inadequacies identified within prominent firms.

    This event is designed to provide invaluable insights and practical takeaways for auditors seeking to bolster their understanding of PCAOB Enforcement Actions and enhance their professional capabilities.

  • Authoritative Sources

    In the spirit of continuous learning and growth, CCS has gathered a collection of authoritative sources. These resources are not mere repositories of information; they are lighthouses guiding us through the sometimes murky waters of regulation, ethics, and professional practice. Each one is a treasure trove, offering insights and wisdom to deepen your understanding and enhance your ability to navigate the regulatory landscape with confidence and integrity.

    Public Company Accounting Oversight Board (PCAOB)

    PCAOB Standards and Guidance This is your starting point for diving deep into the heart of PCAOB standards and guidance. It's a comprehensive resource that offers clarity on the expectations and requirements for dealing with regulators.

    American Institute of Certified Public Accountants (AICPA)

    AICPA Resources on Regulatory and PCAOB Engagements The AICPA provides invaluable resources for auditors facing regulatory scrutiny, including guidance on best practices for engaging with the PCAOB and navigating audits under its purview.

    International Federation of Accountants (IFAC)

    International Ethics Standards Board for Accountants (IESBA) The IESBA offers global perspectives on ethics and compliance, including standards relevant to dealing with non-compliance and regulatory bodies. Their insights are crucial for auditors operating in an increasingly interconnected world.

    The Institute of Internal Auditors (IIA)

    International Professional Practices Framework (IPPF) The IIA’s IPPF is a cornerstone for internal auditors, providing essential guidance on principles and practices, including those relevant to regulatory compliance and engagement.

    • IIA IPPF

    National Association of State Boards of Accountancy (NASBA)

    NASBA Continuing Professional Education (CPE) and Ethics For those eager to dive deeper into the realms of CPE and ethics, NASBA offers guidelines and resources that align with ongoing professional development, particularly in areas related to regulatory compliance and ethics.

    As you continue on your path, let these resources be your companions, illuminating your way and enriching your professional journey. The pursuit of excellence, especially in the delicate art of dealing with regulators, is a shared voyage—a commitment to uphold the highest standards of our profession. Together, let's embrace this journey, armed with knowledge, guided by integrity, and united in our purpose to make a meaningful difference.

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