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PCAOB Penalizes TPS Thayer After Cross Border Audit Failures
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Subscribe08 DEC 2025 / PCAOB UPDATES
The Public Company Accounting Oversight Board (PCAOB) has sanctioned US audit firm TPS Thayer LLC for a series of failings in its audits of two China-based companies. TPS Thayer outsourced significant auditing tasks to an unregistered firm in China and failed to disclose the firm's involvement in official filings and to audit committees, leading to the PCAOB imposing numerous penalties.
If you’ve ever watched someone try to fix a leaky pipe with duct tape, you know exactly how the PCAOB feels about sloppy audit work. It might hold for a minute, but sooner or later things burst wide open. That is exactly what happened with TPS Thayer...
Until next time…
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