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PCAB Bars Former Masschussetts CPA

Friday, Jan 21 2011
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The Public Company Accounting Oversight Board has banned Stephen Crane, a CPA who formerly worked in Massachusetts but who now lives in China, from associating with any accounting firm registered with the board. The organization took the action alleging Crane failed to cooperate with requestions for information and also did not pay the fees required of a PCAOB-registered firm. The firm's registration was also revoked.

The accountant was the owner of Crane P.C. of Cambridge, Mass., and had been registered with the PCAOB since 2007. It issued six audit opinions in that time, but only one since an inspection began on Nov. 9, 2009. During the first part of last year, Crane was repeatedly requested for information to prepare for an inspection, but did not provide it, according to a PCAOB document.

However, Crane continued to perform audit work and issued an opinion dated last July 14.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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