Day: March 29, 2023

Labcorp to Pay $2.1M for Allegedly Overbilling Department of Defense

On By Jaclyn Jaeger

Labcorp, a U.S. healthcare company, has agreed to a $2.1 million settlement with the U.S. government to resolve allegations that it overbilled the Department of Defense (DoD) for genetic tests performed by GeneDx, LLC, a third-party reference laboratory used by Labcorp to perform genetic tests for military members, the DoJ Read More

PCAOB

PCAOB Fines Friedman $100K for Improper Use of Chinese Audit Firms

On By Jaclyn Jaeger

The Public Company Accounting Oversight Board (PCAOB) announced that it has censured Friedman, a New York-based accounting firm, and imposed a $100,000 civil penalty for the firm’s failure to reasonably supervise two unregistered Chinese firms in audits of 12 different public companies with operations in China. Friedman consented to the Read More