Basso, Uma D. – Coral Springs, FL 


    Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Basso was admonished, effective August 20, 2013, as a result of the Public Company Accounting Oversight Board’s disciplinary action. Specifically, the PCAOB censured Ms. Basso; imposed a practice limitation for two-years during which time she is not permitted to act as engagement partner or engagement quality reviewer of a registrant; and required that she complete forty additional hours of CPE in subjects that are directly related to the audits of issuer financial statements under PCAOB standards. This decision was based on the PCAOB’s findings that Ms. Basso violated PCAOB rules and auditing standards in connection with the audits of two issuers’ financial statements, for the year ended December 31, 2008, by which she failed to perform or ensure the performance of adequate audit procedures on material accounts, and failed to properly supervise the engagement team personnel who, together with Ms. Basso, performed most of the work on the audits.



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