On December 23, 2010, dbbmckennon received its Public Company Accounting Oversight Board's (PCAOB) inspection report. “We are proud to announce that the PCAOB’s report did not cite any audit or internal control deficiency comments in connection with our audits of public-company clients”, said Michael McKennon, “audit deficiencies are fairly common, and if serious, may result in sanctions by the PCAOB and/or SEC. There have been recent sanctions to Orange County firms in connection with audit failures. We will continue to strive for the highest level of audit quality to serve the public’s interest.” A copy of the PCAOB inspection report can be found here: dbbmckennon's PCAOB Inspection Report