Defendant Name:
Sherb & Co., LLP
Defendant Type:
Other
Document Reference:
34-70823
Document Details
Legal Case Name
In the Matter of Sherb & Co., LLP, Steven J. Sherb, CPA, Christoper A. Valleau, CPA, Mark Mycio, CPA, and Steven N. Epstein, CPA
Document Name
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
Document Date
06-Nov-2013
Document Format
Administrative Proceeding
AAER
3512
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$75,000.00
Shared:
Other Defendants in Action:
