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The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.
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 charges include failing to abide by accounting rules, fabricating documentation to cover up its shortcomings and making false statements in its audits.
The company behind former President Donald Trump's Truth Social has enlisted a new firm to audit its financial documents
The US Securities and Exchange Commission has shut down the auditor of Donald Trump’s social media company, accusing it of “massive fraud”. The US regulator...