US EditionPCAOB sanctions partner for audit failures
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PCAOB sanctions James Pai CPA for audit failures
The Public Company Accounting Oversight Board (PCAOB) has announced sanctions against James Pai CPA and its sole owner and partner, Yu-Ching James Pai, for multiple violations of PCAOB rules and standards during two audits of an issuer client. The firm was reprimanded for not adhering to quality control standards and Pai was found to have contributed to these violations. PCAOB chair Erica Williams said: “Performing appropriate risk assessment…
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