Action against Respondents, a management consulting company and its Controller, for alleged anti-fraud, books and records, periodic reporting, and internal accounting controls violations.  According to the SEC, Respondent company, through its former CEO, used fraudulent accounting tactics to conceal rising workers’ compensation expenses.  The SEC also alleges that Respondent Controller approved journal entries that misstated expenses and the timing of certain taxes.  Respondent company has agreed to pay a $1.5 million civil penalty.  Respondent Controller has agreed to pay a $20,000 civil penalty.

SEC Order