Actions against Respondents, an auditing firm and three CPAs, for alleged violation of auditing standards. The SEC alleges that Respondents failed to adequately investigate and perform due diligence concerning the audited company’s assertions and records.  One Respondent has agreed to a three-year accounting suspension and to pay a civil penalty of $25,000.  Another Respondent has agreed to a two-year accounting suspension and to pay a civil penalty of $15,000.  A third Respondent has agreed to a one-year accounting suspension and to pay a civil penalty of $9,472.  The matter involving the auditing firm Respondent is ongoing.

SEC Order (Schulman)

SEC Order (Manowitz et al.)