sec-api-python/examples/api-responses/aaer.json at master · SEC-API-io/sec-api-python · GitHub

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{
  "total": {
    "value": 427,
    "relation": "eq"
  },
  "data": [
    {
      "id": "b2dfd65355cdf4c4a629103a211882ce",
      "dateTime": "2024-12-31T12:19:45-05:00",
      "aaerNo": "AAER-4554",
      "releaseNo": [
        "34-102060"
      ],
      "respondents": [
        {
          "name": "Accell Audit & Compliance, PA",
          "type": "company"
        }
      ],
      "respondentsText": "Accell Audit & Compliance, PA",
      "urls": [
        {
          "type": "primary",
          "url": "https://www.sec.gov/files/litigation/admin/2024/34-102060.pdf"
        }
      ],
      "summary": "The SEC has instituted public administrative proceedings against Accell Audit & Compliance, PA, resulting in a suspension and a $75,000 penalty for failing to exercise due professional care in auditing Ignite International Brands, Ltd.'s financial statements.",
      "tags": [
        "auditing misconduct",
        "fraudulent financial reporting"
      ],
      "entities": [
        {
          "name": "Accell Audit & Compliance, PA",
          "type": "company",
          "role": "respondent"
        },
        {
          "name": "Ignite International Brands, Ltd.",
          "type": "company",
          "role": "entity audited"
        }
      ],
      "complaints": [
        "Accell failed to exercise due professional care or skepticism, or to obtain sufficient appropriate audit evidence for a significant, unusual sale to an Ignite-related party that did not occur during the reporting period.",
        "Accell staff knew about, but failed to address, inconsistencies and contradictory evidence, and misrepresented the timing and facts of the supposed sale.",
        "Accell issued an unqualified audit opinion on Ignite’s 2020 financial statements, falsely stating its opinion that the statements 'present fairly, in all material respects, the financial position of the company'.",
        "Accell’s actions aided and abetted Ignite’s fraudulent financial reporting."
      ],
      "parallelActionsTakenBy": [],
      "hasAgreedToSettlement": true,
      "hasAgreedToPayPenalty": true,
      "penaltyAmounts": [
        {
          "penaltyAmount": "75000",
          "penaltyAmountText": "$75,000",
          "imposedOn": "Accell Audit & Compliance, PA"
        }
      ],
      "requestedRelief": [
        "suspension from appearing or practicing before the Commission"
      ],
      "violatedSections": [
        "Section 10(b) of the Exchange Act",
        "Rule 10b-5"
      ],
      "otherAgenciesInvolved": []
    }
  ]
}