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Penalty is largest in US accounting regulator’s history
US regulators require staff and families to disclose possible conflicts of interest
Auditors and regulators consider ways to strengthen oversight and hold management to account
Industry group says more could follow suit as regulator steps up inspections
US regulator says more than 1,000 of firm’s workers cheated on tests designed to familiarise them with US standards
PCAOB imposes total penalties nearing $12mn against PwC, Deloitte, KPMG and others
Big Four firm says deficiency rate soared to 46% in annual inspections
Companies warn that proposal intended to help root out fraud could weaken legal protections
Prosecutors concede wire fraud charge cannot stand against former managing partner and PCAOB employee
New US rules are impractical and would send fees soaring, industry group says
Deficiency rate is ‘completely unacceptable’, according to PCAOB chair
Big Four firm’s initial estimates show jump in deficiencies found in work by overseas auditors
Examinations are the first by accountancy watchdog under new agreement with Beijing
US regulator’s scholarship programme is beneficiary after wave of scandals
Deal allowing inspections eases threat of mass delistings of Chinese stocks from US exchanges
Collapse of Sam Bankman-Fried’s company highlights risks in industry where accounting rules are only half-formed
Regulator finds deficiencies in 55% of sampled work by Big Four firm’s non-US offices
Auditor’s own spot checks in 2018 found one in three failed to make proper financial disclosures
Flawed audits more likely to be found at overseas arms, says US regulator
Agreement gives US regulators access to Chinese accounts in effort to keep listings on New York exchanges
Agreement would let Public Company Accounting Oversight Board examine NY-listed Chinese groups
Two former employees found to have improperly altered work papers
Scott Marcello to pay penalty for failing to supervise colleagues who received advance warning of inspections
Beijing’s ban on foreign access to audits could cause delisting of $2tn of shares in US-listed Chinese companies
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