The Public Company Accounting Oversight Board has announced settled disciplinary orders against two audit firms and four individuals for violating federal securities laws, including one case of fraud, and violating PCAOB rules and auditing standards relating to auditor independence, quality control and audit documentation.

Charges in the disciplinary orders also include instances of noncooperation in a PCAOB inspection and investigation, and the auditor committing fraud by issuing an audit report falsely stating that the audit had been conducted in accordance with PCAOB rules and standards.

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