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SPAC Boom Costs Auditor $2M In PCAOB Fine

By Jessica Corso (February 21, 2024, 6:44 PM EST) -- New Jersey-based auditing firm WithumSmith+Brown PC was sanctioned with a $2 million fine Wednesday by the Public Company Accounting Oversight Board, which accused the company of taking on more work than it could handle as the market for special purpose acquisition companies boomed....

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