California CPA Firm Draws SEC Censure

Kendall G. MerkleyA California accounting firm, KMJ Corbin & Co., has been censured by the SEC and two partners, Kendall G. Merkley and Anthony J. Price, suspended from SEC practice. The charges stemmed from their audits of the financial statements of Home Solutions of America who America whose officers last year settled charges they manipulated results to inflate revenue by more than $40 million through the use of such tools as bogus  invoices, phony accounting entries and backdated contracts. The firm, which has offices in Costa Mesa and San Diego, must also provide each audit professional with 24 hours of training in audit and fraud detection.


Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline