Accell Audit & Compliance, PA

Summary The Securities and Exchange Commission (SEC) institutes public administrative proceedings against Accell Audit & Compliance, PA, for its misconduct in an action brought by the Commission. The SEC finds that Accell issued an unqualified audit opinion on Ignite International Brands, Ltd.'s 2020 financial statements despite failing to exercise due professional care or skepticism and misrepresenting a significant sale. Main Purpose The main purpose of this order is to suspend Accell Audit & Compliance, PA from appearing or practicing before the SEC as an accountant. This action aims to protect investors by ensuring that public accounting firms adhere to high standards of quality and integrity in their audit work. Industry Impact This decision may impact the accounting industry by reinforcing the importance of maintaining high-quality audit practices and ensuring that public accounting firms comply with relevant regulations and rules.