04/18/18 – Briglia Hundley’s Robert Cox published in Law360: Tips For Defending PCAOB Investigations.
The Public Company Accounting Oversight Board continues to be active in the enforcement of laws, regulations and auditing standards applicable to accounting firms and accountants performing audits of public companies and broker-dealers. It is important for auditors and their counsel to be aware of the PCAOB investigatory process and decision points in the process should they become the focus of a PCAOB informal or formal investigation. The following are some tips and considerations in representing an accounting firm and accountants in a PCAOB investigation, including some recent developments that impact how counsel defend an investigation.
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04/09/18 – Briglia Hundley’s Robert Cox published in the newsletter for Professional Liability Litigation Committee of the American Bar Association Section of Litigation: How to Respond to a PCAOB Informal Request.
Since its creation in 2002, the Public Company Accounting Oversight Board’s (PCAOB) enforcement activity has increased in both number of disciplinary orders and size of civil monetary penalties. PCAOB’s Division of Enforcement and Investigations (DEI) opens numerous enforcement matters each year. The first step in the enforcement process is usually the opening of an informal inquiry and the almost immediate issuance of an informal request, also known as an accounting board request. This article provides an overview of the informal inquiry process.
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04/03/18 – Briglia Hundley’s Robert Cox published in Law360: PCAOB Case Expands Legal Exposure For Audit Failures.
A defense of an audit engagement partner that he or she cannot be personally liable for deficient work the partner did not personally perform is no longer viable after a recent decision by the Public Company Accounting Oversight Board.
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02/01/18 – Briglia Hundley’s Robert Cox published in Law360: Another Active Year For PCAOB Enforcement.
2017 was another active year for the Public Company Accounting Oversight Board’s Division of Enforcement and Investigations. The PCAOB made 55 settled and adjudicated orders public in 2017, a slight decrease from the 59 disciplinary proceedings it made public in 2016.
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