It is not an asumption. It is a fact based on the SEC and PCAOB's own rules. It DOES suspend his ability to perform audit work immediately upon filing of the withdrawal request form with the PCAOB. As part of the withdrawal form, Johnson was required to certify:
"On behalf of [name of firm], I certify that [name of firm] is not currently, and will not during the pendency of its request for leave to withdraw be, engaged in the preparation or issuance of, or playing a substantial role in the preparation or furnishing of, an audit report, other than to issue a consent to the use of an audit reportfor a prior period."
Johnson filed his request to withdraw his PCAOB registration on May 15. From that date forward, he was legally prohibited from conducting any SEC related work. Including review of interim financial statements.
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