Another Vancouver-headquartered public company auditing firm has recently been penalized by the United States regulator overseeing market regulations, bringing the total to 10 such companies since March 2021.
Additionally, another firm, headquartered in Toronto but with offices in B.C., has been penalized for work it conducted on a B.C.-registered firm.
Both rulings from the Public Company Accounting Oversight Board (PCAOB) are settlement offers wherein the firms do not admit nor deny the findings, “except as to the Board’s jurisdiction over [the] respondent and the subject matter of these proceedings.”
The board oversees companies that file with the U.S. Securities and Exchange Commission or otherwise sell securities in the U.S.,
→ Continue reading at BIV