A man mourns the loss of his dead celebrity mom, who unexpectedly appears before him as a hologram in his childhood home, singing and strumming a guitar.
The touching scene is from a new short film called “Sweetwater” that has an unlikely…
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PCAOB Sanctions U.S. Audit Firm for Violations That Include Failure to Reasonably Supervise an Unregistered China-Based Firm
The Public Company Accounting Oversight Board (PCAOB) today announced a settled disciplinary order sanctioning a U.S.-based registered public accounting firm, TPS Thayer LLC (“the Firm”).
Violations Found By the PCAOB
As described in further detail in the order, the Board is imposing these sanctions based on the Firm’s conduct in connection with five audits of two public companies that have their principal place of business in the People’s Republic of China.
Specifically, the Firm failed to appropriately plan the five audits and failed to reasonably supervise an unregistered public accounting firm – also based in China – that played a substantial role in those audits.
In addition, the Firm failed to properly disclose the unregistered firm’s participation (1) on the PCAOB’s required Form AP and (2) in communications to the audit committees of the public companies.
Sanctions Imposed by the PCAOB
The order:
- Censures the Firm;
- Imposes a civil money penalty in the amount of $100,000 on the Firm; and
- Requires the Firm to undertake certain contingent remedial actions.
Learn More
Further information about the PCAOB Division of Enforcement and Investigations is available on the PCAOB website. Firms or individuals wishing to report suspected misconduct by auditors, or to self-report possible misconduct, may visit the PCAOB Tips and Referrals page.
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About the PCAOB
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.
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Kathy Hilton says her husband fired a shotgun to scare off burglars
Reality TV star Kathy Hilton revealed that her husband, Rick Hilton, fired a shotgun after confronting burglars at their Los Angeles home last month.
Hilton’s home was broken into on Nov. 15 while she was away in Las Vegas, “The Real…
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Germany dominate Montenegro and move through to last eight
Co-hosts of the 2025 IHF Women’s World Championship Germany put on a show for over 9,000 fans inside the Westfalenhalle in Dortmund, blowing away Montenegro to qualify through to the quarter-finals for the fourth, consecutive event, after 2019…
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Tatsuro Taira Is Edging Closer To His Dream
“Since coming to the US, I’ve been working exclusively with the guys at the gym.”
The matchup is one of the most intriguing clashes on the UFC’s final pay-per-view event of the ESPN era, and Taira said fans can expect a fast-paced,…
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Fullerenes offer a simpler path to creating high-sensitivity MRI targets
Magnetic resonance imaging (MRI) is invaluable in the medical world. But despite all the good it does, there is room for improvement. One way to enhance the sensitivity of MRI is called dynamic nuclear polarization (DNP), where…
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Pope meets Roberto Benigni ahead of Saint Peter monologue premiere
Pope Leo XIV views excerpts of Roberto Benigni’s upcoming monologue “Peter: A Man in the Wind,” produced in collaboration with Vatican Media and airing on Italian state TV.
Vatican News
Pope Leo XIV received Oscar-winning…
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King Charles’ secret outing revealed after hosting German President
King Charles’ secret outing revealed after hosting German President King Charles’ secret outing comes out in the open after hosting German President Frank-Walter Steinmeier and his wife Elke Büdenbender.
The…
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NBA Fantasy: Week 7 waiver wire adds
Grayson Allen has averaged 17.9 points, 4.2 assists and 3.8 3-pointers made per game this season.
Despite there being a lot of injuries across the NBA, the waiver wire is still filled with valuable players. Whether your squad needs scoring,…
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Bangladesh’s Gen-Z battles to gain political ground after ousting Hasina
Polls show NCP at 6% in third place, far behind BNP’s 30% despite plans to contest all 300 seats
Senior leaders of National Citizen Party (NCP) take the interview of an aspiring candidate to find out the right choice for the country’s upcoming…
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