Here’s a nightmare scenario every CPA dreads: you’re wrapping up an audit engagement, about to pass the baton to a successor, and the playbook suddenly falls apart. For Marcum Asia CPAs LLP, a simple misstep in communication during a client ha...
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PCAOB Sanctions Marcum Asia for Audit Communication Lapse
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Subscribe25 SEP 2025 / PCAOB UPDATES
Marcum Asia CPAs LLP, previously known as Marcum Bernstein & Pinchuk, has been slapped with a $100,000 fine by the Public Company Accounting Oversight Board (PCAOB) over a mishandled client handoff with Shandong Haoxin CPAs during an audit engagement with Gridsum Holding Inc. The fine resulted from a violation of PCAOB's AS 2610 rule, which mandates direct communication between predecessor and successor audit firms about the use of workpapers, a step Marcum Asia overlooked leading to regulatory repercussions and underlined the importance of audit integrity to safeguard investor trust.
Here’s a nightmare scenario every CPA dreads: you’re wrapping up an audit engagement, about to pass the baton to a successor, and the playbook suddenly falls apart. For Marcum Asia CPAs LLP, a simple misstep in communication during a client ha...
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