The PCAOB barred James Crane from being an associated person of an accounting firm and revoked his firm’s registration for several violations of PCAOB rules including failure to cooperate with PCAOB inspections.
The PCAOB said Crane, formerly a Massachusetts resident who is now residing in China, was licensed in Massachusetts as a CPA until that license expired on June 30, 2010.
The troubles first began with Crane when the PCAOB tried to schedule an inspection for early 2010. PCAOB staff communicated with Crane between Nov. 19, 2009 and Dec. 4, 2009 about scheduling his inspection.
On Dec. 4, 2009, Crane spoke with an inspections staff member about the upcoming inspection, and five days later he requested the inspection be scheduled for mid-February 2010 or later, according to the PCAOB.