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CPA Draws SEC Action for Quickie Audits

Friday, 17 January 2014
News

dojA Maryland CPA who claimed to have audited four years worth of financial statements in less than 40 hours faces disciplinary action from the SEC. The SEC says CPA Eugene M. Egeberg of Hampstead, Md., had no audit training and used a checklist from the American Institute of CPAs as his guide in auditing statements of 20 public companies. Egeberg voluntarily withdrew his registration with the Public Company Accounting Oversight Board in November 2012.

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