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PCAOB imposes $100k civil money penalty on New York-based audit firm

Justice scales
Photo: Joseph Sohm; Visions of America/Getty Images

A failure to adhere to standards for communications between predecessor and successor auditors is at the heart of the violation.

Marcum Asia CPAs, LLC, formerly Marcum Bernstein & Pinchuk (Marcum), has been penalized for violating rules and audit standards applying to communications between predecessor and successor auditors.

In this instance the communications shortcomings identified by the Public Company Accounting Oversight Board (PCAOB) were related to the firm’s transfer of draft

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