The SEC did not take time off for the summer when it comes to enforcement activity involving auditors of special purpose acquisition companies (known as SPACs and addressed by us previously). While others may have been strolling through europe or relaxing on a sandy beach, the SEC’s Division of Enforcement was busy announcing settlements with two major audit firms and some of their executives relating to their audits of SPAC clients, one of which was settled in coordination with the Public Company accounting Oversight Board (PCAOB).
Source: Smackdown in SPAC Town: SEC Penalizes Pair of Auditors and PCAOB Tags In
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- Source: https://spacfeed.com/smackdown-in-spac-town-sec-penalizes-pair-of-auditors-and-pcaob-tags-in
