SEC Bars Four CPAs at New York Firm

Tuesday, 12 November 2013
News

SherbFour CPAs and their New York City accounting firm have been barred from appearing before the SEC for their roles in the audits of three Chinese companies. The firm, Sherb & Co., was also hit with a $75,000 civil money penalty after the SEC found auditors missed obvious errors and red flags and in one case, ignored a warning from one client's controller and the attempted bribe of a member of the audit staff by another client.

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