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Centurion sanctioned by US PCAOB over auditing failures, agrees to ban

( July 22, 2025, 20:40 GMT | Official Statement) -- MLex Summary: Centurion ZD CPA & Co. and Chan Kam Fuk agreed to a settlement with the US Public Company Accounting Oversight Board for failing to properly perform risk assessments and obtain sufficient appropriate audit evidence in testing multiple significant risk areas. The sanctions imposed include a permanent revocation of the firms PCAOB registration, a permanent bar against Chan, and a $75,000 civil money penalty imposed jointly and severally on Chan and the firm.Statement follows in full. Also see attached file. ...

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