Question
In December of 2018 the SEC charged there were filed against two partners of audit firm Crowne LLP, and two partners of another nonoperational audit
"In December of 2018 the SEC charged there were filed against two partners of audit firm Crowne LLP, and two partners of another nonoperational audit firm was settled for their significant failures in audits of Corporate Resource Services Inc. The company went bankrupt in 2015 after the discovery of approximately $100 million in unpaid federal payroll tax liabilities. The SEC's order against Crowe finds that its audit team identified persistent fraud risks in connection with its 2013 audit of Corporate Resource Services yet failed to include procedures to detect the companys undisclosed payroll tax obligations, identify and audit the companies related party transactions, response to fraud risks, and conduct a proper engagement quality review.
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