What Verdica's 656 score means for Frank Lobosco
Frank Lobosco's composite score of 656 out of 850 places him in the "elevated risk" band (580–669). This score reflects a mixed compliance profile: while his PCAOB audit record is strong, his credentials and licensing standing have room for improvement.
For a business owner or finance decision-maker, a score in this range suggests caution paired with qualified confidence. It does not indicate active violations or immediate red flags, but it does warrant due diligence before engagement. The score is below the "acceptable" threshold (670+), meaning there are documented compliance gaps worth understanding. You should treat this as a signal to ask direct questions and verify current licensing status before committing to a long-term relationship.
No independent customer reviews are currently indexed, so you cannot cross-reference this score against client experience data. That absence means the regulatory picture—strong PCAOB results balanced against weaker credentials—is your primary information source.
How the sub-scores break down
License & Credentials (340 / 850): This is the weakest component and reflects Frank Lobosco's standing with Minnesota's state board registration and professional certifications. A score this low typically indicates missing, expired, or suspended licenses; incomplete credential documentation; or failure to meet ongoing continuing education or registration renewal requirements. In the accounting field, this dimension is foundational—without current, valid credentials, an accountant cannot legally practice. A score of 340 is a material concern and should prompt verification of current licensure directly with the Minnesota state board.
PCAOB Record (810 / 850): This is the strongest sub-score and reflects the Public Company Accounting Oversight Board's audit findings and quality reviews. A score of 810 suggests that PCAOB inspections have not uncovered significant deficiencies in audit quality, compliance with standards, or financial reporting integrity. This is a positive indicator of technical competence and regulatory alignment, though it is not perfect. Minor audit findings or remediation notes likely explain why the score is not at the ceiling.
Disciplinary (850 / 850): A perfect score here means no formal disciplinary actions, complaints, or sanctions are recorded in the PCAOB or state regulatory databases. This is a clean record—no fines, suspensions, or public censures related to misconduct, fraud, negligence, or ethics violations.
What regulators in MN track for accounting providers
Minnesota's state board of accountancy and the PCAOB monitor accounting providers across several dimensions:
State Board Registration focuses on current licensure (CPA or other credential status), continuing professional education hours, tax compliance, and whether the registrant has faced disciplinary action at the state level. Lapses, suspensions, or failures to renew are core red flags.
PCAOB Audit Findings examine the quality and rigor of audits performed on public company financial statements. Inspectors review audit work papers, testing methodology, revenue recognition, internal controls assessment, and adherence to auditing standards (PCAS). Common deficiency categories include insufficient audit evidence, weak independence controls, and inadequate documentation. High PCAOB scores suggest these reviews found few or manageable issues.
Disciplinary Records track formal actions: complaints substantiated by regulators, settlement agreements, license revocations, practice restrictions, and financial penalties. A clean disciplinary record means the accountant has not triggered formal enforcement.
These three lenses together create a composite picture of regulatory standing. A gap between a strong PCAOB score and weak credentials—as in this case—often suggests the individual's technical audit work is sound, but administrative or licensing compliance has slipped.
Bottom line
Frank Lobosco presents as a mixed-risk provider: solid audit quality and a clean disciplinary history offset by credential or licensing concerns. Before engaging, directly verify his current Minnesota CPA license status and any ongoing renewal obligations. The PCAOB record is his strongest asset; the credentials gap is his primary vulnerability.