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ARTICLE · 16 OCTOBER 2024

PCAOB Sanctions Audit Firm For Violations Related To Required Reporting On Form 3

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On September 24, 2024, the PCAOB issued a settled order against Halpern & Associates, LLC. The PCAOB found that Halpern & Associates failed to disclose to the Board on Form 3 a reportable event

United StatesAccounting and Audit
King And Spalding LLP
King And Spalding LLP
On September 24, 2024, the PCAOB issued a settled order against Halpern & Associates, LLC. The PCAOB found that Halpern & Associates failed to disclose to the Board on Form 3 a reportable event regarding a disciplinary proceeding brought against the audit Firm. On March 14, 2022, the U.S. Securities Exchange Commission (the "Commission") initiated a proceeding against Halpern & Associates involving allegations concerning two audits the audit firm conducted of a non-issuer client. The initiation of the Commission's proceeding against the audit firm constituted a reportable event under Form 3, but the audit firm failed to file a Form 3 reporting the proceeding until May 30, 2024, and only after the PCAOB alerted and instructed the audit firm to correct the failure.

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