The Public Company Accounting Oversight Board (PCAOB) censured Deloitte Anjin LLC (Deloitte Korea) and imposed a $350,000 civil penalty. According to the PCAOB’s order, inspection of a 2013 audit found that Deloitte Korea’s system of quality control failed to provide reasonable assurance that audit personnel performed all professional responsibilities with integrity, and that the work they performed met applicable professional standards and regulatory requirements. These failures resulted in violations of PCAOB standards by Deloitte personnel, who backdated and improperly altered audit documentation. In imposing the penalty, the PCAOB took into account the company’s “extraordinary cooperation.”