PCAOB sanctions firm and partner for supervision, review violations

PCAOB issues sanctions against Adeptus Partners and partner for audit violations

The Public Company Accounting Oversight Board (PCAOB) has sanctioned Adeptus Partners and Howard S. Krant, a partner at the company, for breaches of rules and standards.   The disciplinary order addresses inadequate supervision and review of engagement teams during the audits of Blockchain of Things and Applied UV.  Adeptus Partners has also been penalised for not adhering to PCAOB quality control standards.   PCAOB chair Erica Williams said: “S…

PCAOB Punishes NYC-Based CPA Firm and Managing Partner For 'Substandard Audit Work,' QC Violations

Accounting firm Adeptus Partners was fined $75,000 and managing partner Howard Krant was sanctioned $50,000 on April 22 for breaking the rules during the audits of two technology companies.

PCAOB sanctions firm and partner for supervision, review violations

The Public Company Accounting Oversight Board sanctioned Adeptus Partners and its partner Howard Krant for violations related to supervision, review and quality control.