Sec V. Johnson's Cpa

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MEMORANDUM
To: 2014 Audit Files
From: Avery Bailey, Katherine Corbin, Hannah Hartman, & Ankit Patel
Re: AAER No. 3698 – SEC v. Terry L. Johnson, CPA
Company Background:
Terry L. Johnson is a Casselberry, Florida resident. Johnson, age 56, is a Florida-licensed CPA and the sole proprietor of Terry L. Johnson, CPA. Johnson’s CPA firm had its PCAOB registration withdrawn July 2015. Two months after becoming registered with the PCAOB, Johnson acquired eighteen new issuer audit clients. Majority of those clients were previously audited by an auditor who w
It was believed that Johnson conducted all audits in accordance with the PCAOB standards for the 2012 and 2013 year-end financial statements. Unqualified opinions that were issued were done in two different forms: 10-K and S-1. Six of the clients were affected by the unqualified opinion, and the other two clients had issues with the registration statements.
Parties Involved:
Terry L. Johnson - Florida-based certified public accountant and sole proprietor of Terry L. Johnson, CPA.
ADM Endeavors, Inc. - Nevada corporation with its principal place of business in Bismarck, North Dakota.
Boreal Water Collection, Inc. - Nevada corporation with its principal place of business in Kiamesha Lake, New York.
Legendary Ventures, Inc. - Nevada corporation with its principal place of business in Mississauga, Ontario, Canada.
Monster Arts, Inc.- Nevada corporation with its principal place of business in San Clemente, California.
Primco

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