The Financial Conduct Authority (FCA) has taken decisive action against London Court Ltd, imposing stringent restrictions on the firm's ability to conduct regulated activities for new clients and new investments. The restrictions follow concerns raised by the FCA regarding inadequate systems and controls within the company, particularly concerning its My Investment Hub platform.
Amidst economic challenges, London-based Atomico secures impressive funding.
The Securities and Exchange Commission (SEC) has announced charges against Prager Metis CPAs, LLC, and its affiliated California professional services firm, Prager Metis CPAs LLP, collectively known as Prager. The charges stem from allegations of violations of auditor independence rules and aiding and abetting their clients' violations of federal securities laws.
The Public Company Accounting Oversight Board (PCAOB) has taken a significant step in safeguarding investors by adopting a new standard that strengthens and modernizes the auditor's use of confirmation. The confirmation process involves verifying information related to financial statement assertions with third parties. The updated standard is a vital response to changes in technology, communication methods, and business practices since the interim standard's initial adoption by the PCAOB in 2003, following issuance by the AICPA in 1991.
The Financial Conduct Authority in the UK has plans for a review of valuations while there has been an environment of rising interest rates as well as an economic downturn that has applied pressure to private equity firms and their portfolio companies.
The Public Company Accounting Oversight Board (PCAOB) has announced disciplinary actions against Deloitte & Touche S.A.S. ("DT Colombia" or the "Firm") for violations of PCAOB rules and quality control standards related to a 2016 audit.
The Public Company Accounting Oversight Board (PCAOB) has taken action against BDO USA, P.C. ("BDO"), as well as its partners Kevin Olvera and Michael Musick, in a disciplinary order that sanctions the firm and individuals for violations of PCAOB rules and audit standards related to the 2017 audit of AAC Holdings, Inc. ("AAC").