PCAOB levies fine on Beckles & Co for late Form AP filings

Core Points - The Public Company Accounting Oversight Board (PCAOB) has fined Beckles & Co $35,000 for repeated delays in submitting Form APs for audits conducted in 2023 and 2024 [1][6] - Beckles & Co failed to meet filing deadlines for nine audits, with late submissions occurring in August 2025 after PCAOB intervention [2] - The audits affected include those for OpGen, Token Communities, UbuyHoldings, and Eline Entertainment Group, with various audit report release dates spanning from June 2024 to June 2025 [2][3][4][5] Company-Specific Details - For OpGen, the audit report for the fiscal year ending December 31, 2023, was released in June 2024 and included in the Form 10-K submitted to the SEC [2] - Token Communities had audits for fiscal years ending June 30, 2023, and 2024, with reports issued on August 2, 2024, and December 31, 2024, respectively [3] - UbuyHoldings' audits covered periods ending May 31 for both 2023 and 2024, with reports issued on March 7, 2024, and June 6, 2025 [4] - Eline Entertainment Group's audits for the years ending December 31, 2023, and 2024, had reports issued on December 23, 2024, and April 15, 2025, respectively [5][6] Regulatory Actions - The PCAOB's order includes a censure, the $35,000 civil penalty, and a requirement for Beckles & Co to enhance its policies for timely reporting of audit participants in future filings [6] - Following the violations, Beckles & Co communicated to the PCAOB that it had implemented revised procedures to ensure compliance with reporting requirements [7]