SEC Bars CPAS Who Missed Fraud

Tuesday, 07 June 2011
News

William W. Wood Jr., Livingston & HaynesThe SEC has barred two Massachusetts CPAs from practice for failing to detect millions of dollars in fraudulent revenue reported by an online search service even though they were warned of issues. William W. Wood, Jr. and Kevin Howley drew the action and their firm Livingston & Haynes, was censured for issuing unqualified opinions regarding the 2005 and 2006 financial statements of Locate Plus whose former CEO and CFO generated revenue via a sham client company.

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