Action against Respondents, two partners of a defunct auditing firm, for alleged audit standard violations.  According to the SEC, Respondents performed a deficient audit and failed to address identified fraud risks.  The SEC further alleges that one Respondent failed to comply with partner rotation requirements. Respondents have agreed to pay civil penalties of $25,000 each.  Respondents have also agreed not to appear or practice as accountants before the SEC.

SEC Order 

SEC Press Release 

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