Report Card: PCAOB’s 2012 Enforcement Program

Law360, New York (January 30, 2013, 2:08 PM EST) -- In a January 2012 article, we reviewed the enforcement program of the Public Company Accounting Oversight Board (the “PCAOB” or “board”) over its initial decade, following the board’s establishment under the Sarbanes-Oxley Act of 2002[1]. This article updates that analysis by examining the PCAOB’s enforcement program in 2012, as reflected in board proceedings made public last year.

This article focuses on PCAOB proceedings “made public” last year, because the PCAOB remains subject to restrictions under Sarbanes-Oxley that limit its ability to publicize enforcement actions against registered...
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