View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorized
June 7, 2017updated 29 Apr 2022 7:40am

PCAOB censures BDO Hungary and a Deloitte Mexico senior manager

By aziz rahman

The Public Company Accounting Oversight Board (PCAOB) has issued two disciplinary orders censuring BDO Hungary and a senior manager from Deloitte Mexico.

The PCAOB barred Deloitte Mexico senior manager Juan Edgar Mata Castro from being an associated person of a registered public accounting firm, as the USA regulator found that Mata Castro had violated PCAOB rules and standards in connection with an audit of financial statements and failed to cooperate with a PCAOB inspection.

In a separate disciplinary order, the PCAOB imposed a $20,000 civil money penalty on BDO Hungary.

The USA regulator also required the firm to undertake certain remedial measures, including measures to establish policies and procedures directed toward ensuring compliance with auditor independence requirements.

These sanctions have come after the PCAOB found that BDO Hungary had violated the PCAOB’s rule on auditor independence, as well as the PCAOB rule on communication with audit committees concerning independence.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to International Accounting Bulletin