White Plains, New York, partners Peter Larkin and Rebecca Gelozin represented an accounting firm client regarding an informal inquiry from the Public Company Accounting Oversight Board's Division of Enforcement and Investigations. After providing extensive documents and information, our client was notified by the PCAOB that it has completed its informal inquiry and does not intend to recommend any enforcement action. PCAOB enforcement actions have increased in frequency and intensity in recent years, leading to many jaw-dropping fines being levied by the PCAOB, particularly when there are questions of compliance with the quality control standards. We avoided not only any mention of a fine by the PCAOB enforcement attorneys but also escalation from an informal to a formal investigation, not only keeping the firm out of harm’s way but also truncating what is often a very difficult process to navigate.