Defendant Name: Russell E. Anderson, CPA

Defendant Type: Individual

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
File Number 3-15965
AAER 3637
Allegation Type Issuer Reporting and Disclosure
Document Summary

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Bars:
  • Bar on practicing before the SEC as an Accountant for 3 years
Monetary Penalties:

Disgorgement

Individual:     Shared:     $78,000.00
Shared with: Child, Van Wagoner & Bradshaw, PLLC

Civil Penalty

Individual:     $40,000.00 Shared:    

Pre-Judgment Interest

Individual:     Shared:     $12,506.81
Shared with: Child, Van Wagoner & Bradshaw, PLLC

Related Documents:

34-72557 08-Jul-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
On July 8, 2014, the SEC instituted 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."

Related Actions:

SEC v. Yuhe International, Inc., and Gao Zhentao
Yuhe International, Inc.
Gao Zhentao