Deloitte & Touche LLP has agreed to pay $2 million to settle charges with the Public Company Accounting Oversight Board for violating the Sarbanes-Oxley Act and PCAOB rules by allowing a former partner to perform or continue to perform activities as an “associated person” that were prohibited while he was subject to a PCAOB suspension order.
The PCAOB has also ordered Deloitte to undertake certain remedial actions to ensure that similar violations do not occur in the future. The firm consented to the entry of the order without admitting or denying the PCAOB’s findings.
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