Defendant Name: Baker Tilly Hong Kong Limited

Defendant Type: Other

Initial Case Details

Legal Case Name In the Matter of Baker Tilly Hong Kong Limited, Andrew David Ross, CPA, and Kwok Laiha Helena, CPA
First Document Date 17-Dec-2014
Initial Filing Format Administrative Action
File Number 3-16324
Allegation Type Issuer Reporting and Disclosure
AAER 3615

Violations Alleged

Sections 4C, 10A(a)(2) Exchange Act; Rule 102(e)(1)(ii) Commission's Rules of Practice


First Resolution Date 17-Dec-2014
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-73862 17-Dec-2014 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 a Cease-and-Desist Order
The SEC stated: "Respondents...failed to plan and implement and appropriate audit response to these related-party transactions in compliance with PCABO standards. Further, contrary to generally accepted accounting principles in the United States of America ("U.S. GAAP"), CNEP's December 31, 2009 financial statements did not disclose the related-party transactions other than as a single entry showing a small, net balance due to the CEO. Nonetheless, Baker Tilly issued an audit report containing an unqualified opinion regarding CNEP's 2009 financial statements. That report, which Respondents knew would be filed with the company's 2009 Form 10-K, inaccurately stated that the audit had been conducted in accordance with PCAOB standards and that CNEP's financial statements fairly presented the company's position and results in conformity with U.S. GAAP."

Other Defendants in Action:

Related Actions:

SEC v. China North East Petroleum Holdings Limited; Wang Hongjun; Ju Guizhi; and Jiang Chao, Defendants, Jiang Mingfu; and Sun Jishuang, Relief Defendants