Beckstead and Watts, LLP

small audit firm prevails over big government beckstead and watts, llp announces settlement with pcaob las vegas, feb. 22 – brad beckstead, managing partner of beckstead and watt, llp, a small henderson, nevada cpa firm specializing in audits of small public companies, announced today that his firm has settled a lawsuit against the public company accounting oversight board (pcaob) wherein the pcaob has agreed to withdraw its formal inspection report dated september 28, 2005, and release beckstead and watts from an accounting investigation it launched in september 2005 without any formal findings. beckstead and watts had been seeking a court order nullifying the inspection report after the firm won its case in june 2010 against the pcaob before the supreme court. the supreme court held that congress had violated the constitution’s separation of powers by improperly insulating the board from presidential supervision and control. [see more of this press release at www.becksteadwatts.com]