Joel Schwartz, Steve Quinlivan, Bryan Pitko and Jaclyn Schroeder Publish Article on Law360
The article cautions companies and audit committees on interactions with the Public Company Accounting Oversight Board (PCAOB), as dialogue could lead to enforcement activity. They note that companies should carefully consider the benefits of engagement with the PCAOB prior to any interaction. This comes after an announcement by the PCAOB to publish additional updates to audit committees and inspection findings. Such findings can lead to potential liabilities for companies, and any new dialogues could become a way for the board to obtain information without a subpoena.
Joel is a former federal prosecutor and former assistant director of enforcement at the PCAOB. He sees clients through white collar criminal trials, evil enforcement procedures and investigations across a diverse array of industries, including health care, immigration, government contracting, environmental and financial services.
Steve practices primarily in the areas of mergers and acquisitions, REITs, sports law, securities and international transactions. He also has significant experience counseling boards of directors in corporate governance and liability-related issues.
Bryan possesses extensive knowledge of federal securities laws and reporting requirements for public companies, public and private offerings of equity and debt securities, and mergers and acquisitions. Before joining the firm, he was an attorney with the Division of Corporation Finance at the SEC in Washington, DC.
Jaclyn guides clients through entity formation, corporate governance, mergers and acquisitions, impact investing concepts, financing needs and general business matters. Prior to starting her practice, she worked in nonprofit leadership and charitable gift planning.
Read the full article "It's Wise to be Wary of Audit 'Dialogue' with PCAOB."