Latest news with #Botic
Yahoo
6 days ago
- Business
- Yahoo
PCAOB slams Hong Kong auditor of Luckin Coffee
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: The Public Company Accounting Oversight Board sanctioned a Hong Kong accounting firm and its owner for disregarding rules and standards when auditing the books of Luckin Coffee and two other companies operating in China. Centurion ZD CPA & Co and its sole partner, Chan Kam Fuk, failed to properly perform risk assessments and obtain sufficient evidence when testing for several types of risks, including in the 2021 audit of Luckin Coffee, the PCAOB said Tuesday. In 2020, the Securities and Exchange Commission fined Luckin $180 million for fraudulently overstating its 2019 revenue, costs and expenses. The PCAOB permanently revoked Centurion's PCAOB registration, set a permanent bar against Chan and imposed a $75,000 penalty, the board said. Centurion and Chan neither admitted nor denied the findings, the PCAOB said. Dive Insight: Under Erica Williams — PCAOB chair from January 2022 until her resignation on Tuesday — the audit watchdog gained access to investigate China-based accounting firms for the first time and bring enforcement actions against violators. The PCAOB in recent years held China-based firms accountable for falsifying audit reports, failing to maintain independence, improperly depicting the work of another accounting firm as their own and sharing test answers during mandatory internal training courses. 'The PCAOB is committed to using the tools the U.S. Congress entrusted to it, and the access that the PCAOB spent years negotiating, to hold accountable auditors in China that audit Chinese companies,' Williams said in a statement Tuesday before leaving the board at the request of SEC Chair Paul Atkins. Luckin hired Centurion as its auditor soon after settling the SEC's fraud charges. Yet in the audit for the following year, Centurion and Chan failed to use information about the company's bogus accounting when assessing risks of misstatement or to design audit procedures aimed at averting fraud, the PCAOB said. Centurion also violated auditing standards in the audits of two public companies operating in China, Greenpro Capital and Moxian, including by failing to make required communications with the companies' audit committees, the PCAOB said. Moreover, the PCAOB's investigation of Centurion revealed that its quality control system did not provide sufficient assurance that the firm assigned work to staff with technical skills aligned with PCAOB standards, and ensure staff involved in the audit showed a level of skepticism required by PCAOB rules, the board said. The SEC appointed George Botic to serve as acting PCAOB chair, effective Wednesday. Botic, a certified public accountant, joined the audit watchdog shortly after it was formed in 2002, taking the position as manager of inspections in the division of registration and inspections in August 2003, according to his LinkedIn profile. Botic became a PCAOB board member in 2023 after serving as director of the division of registration and inspections. In that role he oversaw the registration and inspection of all domestic and foreign accounting firms registered with the PCAOB as well as all broker-dealer audits. Botic also served as the PCAOB director of the office of international affairs and special advisor to former Chair James R. Doty, and deputy director of the registration and inspections division. Earlier in his career, Botic was employed by PwC as a senior manager. Recommended Reading SEC approves new PCAOB audit confirmation standards targeting fraud Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
![2025 Generali Open: Van de Zandschulp [100th] vs. Jarry [96th] Prediction, Odds and Match Preview](/_next/image?url=https%3A%2F%2Fwww.gannett-cdn.com%2Fauthoring%2Fimages%2FDataSkriveSportsbookWire%2F2025%2F04%2F16%2FSSBK%2F83117401007-16686351.jpeg%3Fauto%3Dwebp%26crop%3D1199%2C675%2Cx0%2Cy0%26format%3Dpjpg%26width%3D1200&w=3840&q=100)
![2025 Generali Open: Van de Zandschulp [100th] vs. Jarry [96th] Prediction, Odds and Match Preview](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fusatoday.com.png&w=48&q=75){kind=small}
USA Today
19-07-2025
- Sport
- USA Today
2025 Generali Open: Van de Zandschulp [100th] vs. Jarry [96th] Prediction, Odds and Match Preview
No. 100-ranked Botic Van de Zandschulp will take on No. 96 Nicolas Jarry in the Generali Open Round of 32 on Monday, July 21. Jarry has -155 odds to earn a win in this match against Van de Zandschulp (+118). Tennis odds courtesy of BetMGM Sportsbook. Odds updated Saturday at 2:35 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Botic Van de Zandschulp vs. Nicolas Jarry matchup info Watch the Tennis Channel and more sports on Fubo! Van de Zandschulp vs. Jarry Prediction Based on the implied probility from the moneyline, Van de Zandschulp has a 60.8% to win. Van de Zandschulp vs. Jarry Betting Odds Van de Zandschulp vs. Jarry matchup performance & stats
USA Today
15-07-2025
- Sport
- USA Today
2025 Nordea Open: Ymer vs. Van de Zandschulp [100th] Prediction, Odds and Match Preview
Botic Van de Zandschulp (No. 100) will take on Mikael Ymer in the Round of 32 at the Nordea Open on Tuesday, July 15. Van de Zandschulp has -235 odds to claim a win in this match against Ymer (+180). Tennis odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 6:35 AM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Mikael Ymer vs. Botic Van de Zandschulp matchup info Watch the Tennis Channel and more sports on Fubo! Ymer vs. Van de Zandschulp Prediction Based on the implied probility from the moneyline, Ymer has a 70.1% to win. Ymer vs. Van de Zandschulp Betting Odds Ymer vs. Van de Zandschulp matchup performance & stats
USA Today
08-06-2025
- Sport
- USA Today
2025 Libema Open: Van de Zandschulp [89th] vs. Bellucci [68th] Prediction, Odds and Match Preview
2025 Libema Open: Van de Zandschulp [89th] vs. Bellucci [68th] Prediction, Odds and Match Preview Botic Van de Zandschulp (No. 89 ranking) will take on Mattia Bellucci (No. 68) in the of the Libema Open on Monday, June 9. The match is set as even, with Van de Zandschulp and Bellucci both having -110 odds to win. Tennis odds courtesy of BetMGM Sportsbook. Odds updated Saturday at 10:35 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Botic Van de Zandschulp vs. Mattia Bellucci matchup info Tournament: Libema Open Libema Open Round: Date: Monday, June 9 Monday, June 9 Court Surface: Grass Watch the Tennis Channel and more sports on Fubo! Van de Zandschulp vs. Bellucci Prediction Based on the implied probility from the moneyline, Van de Zandschulp has a 52.4% to win. Van de Zandschulp vs. Bellucci Betting Odds Van de Zandschulp vs. Bellucci matchup performance & stats
USA Today
07-06-2025
- Sport
- USA Today
How to Watch Botic Van de Zandschulp vs. Mattia Bellucci at the 2025 Libema Open: Live Stream, TV Channel
How to Watch Botic Van de Zandschulp vs. Mattia Bellucci at the 2025 Libema Open: Live Stream, TV Channel Mattia Bellucci (No. 68) will face Botic Van de Zandschulp (No. 89) in the at the Libema Open on Monday, June 9. Van de Zandschulp was most recently in action on May 25, 2025 at the Roland Garros, where he fell to Emilio Nava (2-6, 5-7, 5-7) in the Round of 128. Bellucci's most recent match on May 27, 2025 was a four-set loss to Jack Draper 6-3, 1-6, 4-6, 2-6 in the Round of 128 at the Roland Garros. Watch Tennis Channel on Fubo! Botic Van de Zandschulp vs. Mattia Bellucci: live stream info & TV channel Tournament: Libema Open Libema Open Round: Date: Monday, June 9 Monday, June 9 Live Stream: Watch Tennis Channel on Fubo Watch Tennis Channel on Fubo Court Surface: Grass Botic Van de Zandschulp vs. Mattia Bellucci matchup stats Van de Zandschulp was defeated by Nava (2-6, 5-7, 5-7) on May 25 in the Round of 128 of his previous tournament, the Roland Garros. In the Round of 128 of his most recent tournament (the Roland Garros) on May 27, Bellucci was defeated by No. 5-ranked Draper 6-3, 1-6, 4-6, 2-6. Tennis odds courtesy of BetMGM Sportsbook. Odds updated Saturday at 12:57 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub.
