- 2016
- $125,000
Accounting firm suspended for a year and its engagement partner permanently barred from practice before the Commission due to a faulty audit of client ContinuityX Solutions Inc., an internet services company. Among other things, the SEC found that the respondents failed to perform sufficient procedures to detect fraudulent sales in the company’s financial statements. The individual respondent/engagement partner had previously been suspended in connection with another faulty audit.
