Public Company Accounting Oversight Board

Infinera Corporation Announces Preliminary Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Form 10-Q, System, Documentation, EY, Infinera, Disclosure, GAAP, Late, Interest, Public Company Accounting Oversight Board, EPS, SSP, Form 10-K, Ernst & Young, INFN, SAN, Casino, Reinsurance, Bookkeeping

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (or “Company”) today released preliminary financial results for its third quarter ended September 30, 2023.

Key Points: 
  • SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (or “Company”) today released preliminary financial results for its third quarter ended September 30, 2023.
  • Infinera CEO David Heard said, “The third quarter was another solid quarter for us, with all key preliminary financial metrics – revenue, gross margin, operating margin, and EPS, expected to be ahead of the midpoint of our outlook range.
  • Once the review process with EY is complete, the Company will report full financial results for the third quarter of 2023.
  • Infinera will host a conference call for analysts and investors to discuss its preliminary results for the third quarter of 2023 and its preliminary outlook for the fourth quarter of 2023 today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

Chelverton UK Dividend Trust plc: MSCM-Miscellaneous - Change of auditor

Retrieved on: 
Tuesday, November 7, 2023
Attention, Public Company Accounting Oversight Board, Audit committee, Accounting, Audit

Chelverton UK Dividend Trust plc: MSCM-Miscellaneous - Change of auditor

Key Points: 
  • Chelverton UK Dividend Trust plc: MSCM-Miscellaneous - Change of auditor
    The Company today announces that, following a formal and competitive tender process led by the Company's Audit Committee, the Board has approved the appointment of Johnston Carmichael LLP as the Company's auditor for the financial year ending 30 April 2024.
  • Hazlewoods LLP has ceased to be the Company's auditor as it has decided not to continue its registration as an auditor eligible to undertake Public Interest Entity audits.
  • Hazlewoods LLP has confirmed to the Company that there are no matters connected with its ceasing to hold office that need to be brought to the attention of the members or creditors of the Company for the purposes of section 519 of the Companies Act 2006.
  • The Board would like to thank Hazlewoods LLP for its professional and diligent service to the Company as auditor for over 17 years.

Moatable Announced Appointment of Director and Interim Chief Financial Officer

Retrieved on: 
Thursday, October 26, 2023
Sarbanes–Oxley Act, NYSE, MD Helicopters, Compensated emancipation, Public Company Accounting Oversight Board, Corporate governance, Audit committee, Committee, Professional Football Compensation Committee, CFO, Software as a service, Management, Exhibit

The Company's Board of Directors has approved the appointments of Ms. Rebecca Polak to replace Mr. Lin Cong as director and Mr. Michael Schifsky as interim Chief Financial Officer, effective on October 26, 2023.

Key Points: 
  • The Company's Board of Directors has approved the appointments of Ms. Rebecca Polak to replace Mr. Lin Cong as director and Mr. Michael Schifsky as interim Chief Financial Officer, effective on October 26, 2023.
  • Ms. Rebecca Polak has provided strategic leadership and vision for technology start-up companies, focusing on improving go-to-market strategies, customer support, and product offerings.
  • She oversaw the corporate sales team at CarLotz, leading to a substantial increase in consigned cars by corporate consignors year-over-year.
  • "We are pleased to have named Ms. Rebecca Polak to join our Board of Directors and Mr. Michael Schifsky as our interim Chief Financial Officer.

DevvStream Reaches Key Milestone Toward Nasdaq Listing

Retrieved on: 
Tuesday, October 24, 2023
Combination, Register, Public Company Accounting Oversight Board, Security (finance), Business analyst, Form, Carbon, Transaction, Bank statement, Registration statement, FIAC, CBOE, FSE, DESG, Culture

The Transaction values DevvStream at an implied enterprise value of approximately $212.8 million, representing an equity value of C$2.16 per DevvStream subordinate voting share prior to closing.

Key Points: 
  • The Transaction values DevvStream at an implied enterprise value of approximately $212.8 million, representing an equity value of C$2.16 per DevvStream subordinate voting share prior to closing.
  • The Business Combination is expected to be completed by early Q1 2024, subject to the satisfaction of closing conditions under the Business Combination Agreement.
  • Learn more about the Company’s progress by joining a live webinar presented by DevvStream and Focus Impact on Thursday, October 26th at 9:30am PT / 12:30pm ET.
  • “Since DevvStream and Focus Impact agreed to merge, the transaction has proceeded smoothly and efficiently,” said Sunny Trinh, CEO of DevvStream.

Bullet Blockchain Announces Plans to Uplist BULT’s Common Stock

Retrieved on: 
Thursday, October 19, 2023
ATM, OTC, Bitcoin ATM, OTCQB, Bank statement, Blockchain, Public Company Accounting Oversight Board, Partnership, Web 3.0, Patent, Software as a service, Cryptocurrency, Audit, Bitcoin, PCAOB

RENO, NV, Oct. 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Bullet Blockchain, Inc. (“BULT” or the “Company”) (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, is pleased to announce the appointment of the Elkana Amitai CPA firm, a Public Company Accounting Oversight Board (PCAOB) auditor, to oversee the Company's financial reporting and compliance efforts as the Company prepares for uplisting its common stock (OTC: BULT:) to the OTCQB market.

Key Points: 
  • This appointment underscores the Company’s efforts to maintain trust among its stakeholders, including investors, shareholders, and regulatory bodies.
  • In addition to this important appointment, BULT is also excited to announce its plans to uplist its common stock to the OTCQB market.
  • BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators.
  • As such, BULT seeks to bring this growing industry into compliance with, and to cease violating, BULT’s intellectual property.

Howard Ungerleider to Retire from Dow; Jeffrey L. Tate Named Chief Financial Officer

Retrieved on: 
Tuesday, October 24, 2023
Rollin, Business Leaders for Michigan, Leggett & Platt, Huntington, NYSE, Michigan Baseball Foundation, Plastic, DOW, Public Company Accounting Oversight Board, PCAOB, Tate, University, CFO, Huntington Bancshares, Dow Chemical Company, Ungerleider, Management, Science, Dow

The Board of Directors has elected Jeffrey L. Tate to the role of chief financial officer, effective November 1, 2023.

Key Points: 
  • The Board of Directors has elected Jeffrey L. Tate to the role of chief financial officer, effective November 1, 2023.
  • Ungerleider most recently served as president and chief financial officer, having been elected president in March 2018, in preparation for the separation and creation of Dow Inc., and first assuming the role of chief financial officer on October 1, 2014.
  • He will officially retire in January 2024, and will immediately begin working with Tate to ensure a smooth transition of leadership responsibilities.
  • Tate, 54, rejoins Dow following his service as executive vice president and chief financial officer of Leggett & Platt from September 2019 through June 2023.

RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Share

Retrieved on: 
Thursday, October 19, 2023
Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, Bank, COVID-19, Consumer protection, Insurance, FRB, Investor Protection and Securities Reform Act of 2010, Terrorism, Acquisition, Failure, Royal Business Bank, LIBOR, FDIC, Weather, Earthquake, RAM, DBO, Bank Secrecy Act, Public Company Accounting Oversight Board, Provisions of the Dodd–Frank Wall Street Reform and Consumer Protection Act, London Interbank Bid Rate, SBA, Climate change, Financial Accounting Standards Board, Risk, Pandemic, Annual report

RBB Bancorp (NASDAQ: RBB ) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share.

Key Points: 
  • RBB Bancorp (NASDAQ: RBB ) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share.
  • The dividend is payable on November 10, 2023 to common shareholders of record as of October 30, 2023.
  • RBB Bancorp is a bank holding company headquartered in Los Angeles, California.
  • As of June 30, 2023, the Company had total assets of $4.1 billion.

LZG International Inc, dba FatBrain AI ($LZGI), Announces Putting Systems in Place to Automate International Audit Compliance

Retrieved on: 
Friday, October 13, 2023
OTCQB, PwC, Automation, AI, Public Company Accounting Oversight Board, Entrepreneurship, PCAOB, Ernst & Young, CFO, CPA, Computer, Medical device

NEW YORK, Oct. 13, 2023 /PRNewswire/ -- FatBrain AI (LZG International, Inc., OTCQB: LZGI) (the "Company," or "we"), the leader in powerful and easy-to-use AI solutions for enterprise stars of tomorrow, today announced putting systems in place to automate international audit compliance.

Key Points: 
  • NEW YORK, Oct. 13, 2023 /PRNewswire/ -- FatBrain AI (LZG International, Inc., OTCQB: LZGI) (the "Company," or "we"), the leader in powerful and easy-to-use AI solutions for enterprise stars of tomorrow, today announced putting systems in place to automate international audit compliance.
  • FatBrain AI has realized 130% Q/Q average revenue growth during FY2023, including from the strategic international acquisitions during that time.
  • To overcome this, FatBrain AI has initiated a number of safeguards to be put in place, including automating systems and adding team members at the international facilities.
  • Automating our international systems will ensure that future filings will be timely, and the Company is confident in its current financial reporting.

SEC Charges International Accounting Firm Prager Metis with Hundreds of Auditor Independence Violations

Retrieved on: 
Friday, September 29, 2023
Complaint, District court, Public Company Accounting Oversight Board, Security (finance), Miami Regional University, Douglas v. U.S. District Court ex rel Talk America, Prager

Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ violations of federal securities laws.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ violations of federal securities laws.
  • As a result, the complaint alleges, Prager was not independent from its clients for those engagements, as required under the federal securities laws.
  • Prager allegedly also failed to advise its clients of its violations, even after the Public Company Accounting Oversight Board informed Prager that the indemnification provisions violated the independence requirements of the federal securities laws.
  • The SEC’s litigation is being led by Christine Nestor and supervised by Teresa Verges in the Miami Regional Office.

The IIA Applauds Improvements in PCAOB's Updated Confirmations Auditing Standard

Retrieved on: 
Friday, September 29, 2023
Exercise, LLP, Use, Education, Auditor, Institute of Internal Auditors, IIA, Research, National Association of State Boards of Accountancy, State Board of Administration of Florida, Language, CITP, Organization, PCAOB, Confirmation, CIA, Public Company Accounting Oversight Board, Comment, CPA, CGMA, National Association, Internal, Audit

LAKE MARY, Fla., Sept. 29, 2023 /PRNewswire/ -- The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – applauds the Public Company Accounting Oversight Board (PCAOB) for incorporating requested changes in the final issuance of their revised auditing standard, "The Auditor's Use of Confirmation, and Other Proposed Amendments to PCAOB Standards."

Key Points: 
  • The IIA took issue with these perceived attacks on the internal audit profession's integrity and publicly opposed the draft in a comment letter submitted to the PCAOB earlier this year.
  • The IIA also discussed the rationale for their feedback in various meetings with the Board's members.
  • "I'd like to thank the PCAOB and the Board members who engaged with The IIA in a meaningful discussion on the concerns that we raised," said Anthony Pugliese, CIA, CPA, CGMA, CITP, President and CEO of The IIA.
  • "I appreciate the careful consideration that the PCAOB gave to our profession's viewpoints and their recognition of the internal audit profession's value and integrity."