Defendant Name: Sherb & Co., LLP

Defendant Type: Other

Initial Case Details

Legal Case Name In the Matter of Sherb & Co., LLP, Steven J. Sherb, CPA, Christopher A. Valleau, CPA, Mark Mycio, CPA, and Steven N. Epstein, CPA
First Document Date 06-Nov-2013
Initial Filing Format Administrative Action
File Number 3-15609
Allegation Type Issuer Reporting and Disclosure
AAER 3512

Violations Alleged

Other
• Section 4C Exchange Act; Rule 102(e)(1)(iv)(B)(2) Commission's Rules of Practice

Resolutions

First Resolution Date 06-Nov-2013
Headline Total Penalty and Disgorgement $75,000

Related Documents:

34-70823 06-Nov-2013 Administrative Proceeding
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings, and Imposing Remedial Sanctions and Cease-and-Desist Order
The Commission stated: "Sherb & Co., LLP ("Sherb LLP"), three of its partners, Steven J. Sherb ("Sherb"), Christopher A. Valleau ("Valleau") and Mark Mycio ("Mycio"), and an audit manager, Steven N. Epstein ("Epstein"), engaged in improper professional conduct within the meaning of Rule 102(e) of the Commission's Rules of Practice. Sherb LLP, Sherb, Valleau and Epstein engaged in improper professional conduct in connection with the audit of the 2007 year-end financial statements of China Sky One Medical, Inc. ("CSKI"); Sherb LLP, Valleau, Mycio and Epstein engaged in improper professional conduct in connection with the audit of the 2010 year-end financial statements of China Education Alliance, Inc. ("CEU"); and Sherb LLP, Sherb, Valleau, Mycio and Epstein engaged in improper professional conduct with respect to some or all of the audits of the financial statements of Wowjoint Holdings Ltd. ("Wowjoint") for the years ended August 31, 2008 and 2009, a four-month transition period ended December 31, 2009, and the years ended December 31, 2010 and 2011. Sherb LLP and Mycio also violated Section 10A(b)(1) in connection with the CEU audit."

Other Defendants in Action:

Steven J. Sherb, CPA
Christopher A. Valleau, CPA
Mark Mycio, CPA
Steven N. Epstein, CPA

Related Actions:

SEC v. China Sky One Medical, Inc. and Yan-qing Liu
China Sky One Medical, Inc.
Yan-Qing Lu