The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023.
The Accounting and Financial Reporting Council has handled a substantially higher volume of complaints and investigations over the past five years since it gained more power, its chairman says.
The US regulator said it found billions of dollars in fictitious transactions through entities controlled by Dozy Mmobuosi, the founder and former CEO of Tingo. - Deloitte In Eye Of Storm As SEC Probes Tingo For $470 Mn Scam, Experts Call For Greater Oversight To Protect Indian Investors