ARPITA JOSHI, New York, NY: Pursuant to the provisions of Article XIII, Professional Conduct and Disciplinary Proceedings, Section 5, Automatic discipline, of the Society’s bylaws. Ms. Joshi has been suspended from the Society for a period of two years, effective May 7, 2024, resulting from the Public Company Accounting Oversight Board's (PCAOB) Release No. 105-2024-030, "Order Instituting Disciplinary Proceedings, Making Findings, and Imposing Sanctions" (the Order). Pursuant to the Order, Ms. Joshi was barred from being an associated person of a registered public accounting firm for violating the PCAOB rules and standards in connection with the audits of an issuer, including failing to obtain sufficient appropriate audit evidence and providing her concurring approval of issuance of the audit report without performing the required EQR with due professional care. In addition, the PCAOB levied a $45,000 civil money penalty on Ms. Joshi. The PCAOB's Order can be found
here. (Published August 2024).