Marcum

Are SPACs on the Way Out? New Regulations are on the Horizon

Accountability, Accounting Profession, Ethical Culture, Workplace Behavior / /

SEC Comes Down Hard on Marcum LLP On June 21, 2023, the PCAOB sanctioned Marcum LLP for violating PCAOB rules and quality control standards by failing to take sufficient steps to ensure that its system of quality control provided reasonable assurance that: (1) the firm would comply with the requirements regarding the acceptance of issuer […]

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Are SPACs the Next Financial Disaster Waiting to Happen?

Accounting Profession, Business Ethics / /

What is a SPAC? The new craze on Wall Street is SPACs, or a special purpose acquisition company. SPACs are shell companies formed with the sole purpose of raising funds so it can buy an existing business. There were over 100 SPAC IPOs in 2022. They are often referred to as blank check companies because

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