Defendant Name:
Child, Van Wagoner & Bradshaw, PLLC
Defendant Type:
Other
Document Reference:
34-74262
Document Details
Legal Case Name
In the Matter of Child, Van Wagoner & Bradshaw, PLLC, Russell E. Anderson, CPA, and Marty Van Wagoner, CPA
Document Name
Order Making Findings and Imposing Remedial Sanctions Pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice
Document Date
11-Feb-2015
Document Format
Administrative Proceeding
AAER
3637
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On February 11, 2015, the SEC instituted settled cease-and-desist proceedings against Child, Van Wagoner & Bradshaw PLLC, Russell E. Anderson, CPA, and Marty Van Wagoner CPA. The SEC stated: "Between March 2010 and June 2011, CVB, an accounting firm based in Salt Lake City, Utah, and Anderson and Van Wagoner, two of its partners, served as the independent auditors of Yuhe International, Inc. ("Yuhe"), a China-based company whose stock was previously registered with the Commission and traded on Nasdaq. These proceedings arise from Respondents' failures to comply with Public Company Accounting Oversight Board ("PCAOB") Auditing Standards ("PCAOB Standards") in their 2009 and 2010 audits of Yuhe. Among other failures, CVB and Anderson failed to: (a) properly plan the audits and supervise assistants; (b) properly assess audit risk and materiality; (c) properly consider fraud and illegal acts; and (d) act with due professional care. In his role as engagement quality review partner, Van Wagoner failed to act with due professional care because he was aware, or should have been aware, of audit deficiencies but did not address them. Additionally, by virtue of his failure to comply with professional standards during Yuhe's 2010 audit, Van Wagoner also violated the engagement quality review standard set forth in AS 7."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
CVB is denied the privilege of appearing or practicing before the Commission as an accountant.
Monetary Penalties:
Disgorgement
Individual:
Shared:
$78,000.00
Shared with: Russell E. Anderson, CPA
Pre-Judgment Interest
Individual:
Shared:
$12,506.81
Shared with: Russell E. Anderson, CPA
Other Defendants in Action:
