The Public Company Accounting Oversight Board (PCAOB) has imposed a fine on Florida-based public accounting firm Beckles & Co, citing repeated delays in submitting Form APs as required by regulatory standards.
This penalty for late Form AP filings amounts to $35,000 and concerns audits spanning 2023 and 2024.
Firms registered with the PCAOB must file a Form AP for each audit report issued to public companies.
Beckles & Co failed to meet these filing deadlines for nine audits, eventually submitting the forms in late August 2025 following intervention by PCAOB staff.
The affected audits include engagements for several companies.
For OpGen’s financial year ended 31 December 2023, an audit report was released in June 2024 and was part of OpGen’s Form 10-K submitted to the Securities and Exchange Commission (SEC) that same day.
Beckles & Co also conducted audits for Token Communities for fiscal years ending 30 June 2023 and 2024.
For Token’s 2023 financial statements, Beckles & Co issued the audit report on 2 August 2024, and included in the Form 10-K/A filed with the SEC on 5 August 2024.
For Token’s 2024 financial statements, Beckles & Co issued the audit report on 31 December 2024 and included in Token’s Form 10-K filed with the SEC on the same day.
Audits for UbuyHoldings by Beckles & Co covered periods ending 31 May in both 2023 and 2024.
Audit reports were issued in 7 March 2024 and 6 June 2025 and included within UbuyHoldings’ annual SEC filings on those same dates.
For Vestiage, audits were provided for fiscal years ending 31 December in 2023 and 2024, with reports issued on 16 April 2024 and 15 April 2025.
These audit reports were included in Vestiage’s Form 10-K filed with the SEC on the same dates.
The firm’s work for Eline Entertainment Group involved audits of financial statements for the years ending 31 December 2023 and December 2024.
For Eline’s 2023 financial statements, Beckles & Co issued an audit report dated 23 December 2024. This audit report was included in Eline’s Form 10-K filed with the SEC on the same day.
With regard to Eline’s 2024 financial statements, Beckles & Co issued an audit report dated 15 April 2025. Beckles & Co included this report in Eline’s Form 10-K filed with the SEC on the same day.
The PCAOB order includes a censure, a $35,000 civil penalty, and requires Beckles & Co to strengthen its policies to ensure timely reporting of audit participants in future filings.
Following notice of the violations, Beckles & Co communicated to the PCAOB that it had developed and put into effect revised procedures designed to ensure compliance with all its requirements related to reporting audit participants going forward.
