SECURITIES AND EXCHANGE COMMISSION
Salt Lake City, Utah
Litigation Release No. 16075 / March 2, 1999
Accounting and Auditing Enforcement Release No. 1113 / March
2, 1999
Securities and Exchange Commission v. Lynne K. Mercer,
U.S.D.C. D. Utah, No. 1:99CV 00029S
On March 2, 1999, the Securities and Exchange
Commission ("Commission") filed an action charging a
Bountiful, Utah, accountant with forging the signature of
his former partner on audit opinions for three publicly-held
companies. The Commission alleges that Lynne K. Mercer
("Mercer") purportedly audited the financial statements of
Computerized Thermal Imaging, Inc. for fiscal 1993, 1994 and
1995 and the eight-month period ended February 29, 1996,
Son-Tech, Inc. for the year ended December 31, 1997, and
Technology Selection, Inc. for the year ended June 30, 1998.
In issuing the audit opinions for these financial statements
Mercer signed the name of Ted H. Pierce & Associates, an
American Fork, Utah, accounting firm, without the firm's
knowledge or authorization. The State of Utah revoked
Mercer's license as a certified public accountant in 1992.
The Commission's action, filed in the United States District
Court for the District of Utah, seeks preliminary and
permanent injunctions against future violations of the
antifraud provisions of the Securities Exchange Act of 1934,
disgorgement and civil penalties against Mercer.
SNIPPETS:
Accounting and Auditing Enforcement Release No. 1113 / March
Securities and Exchange Commission v. Lynne K. Mercer,
Utah, No. 1:99CV 00029S
his former partner on audit opinions for three publicly-held
The Commission alleges that Lynne K. Mercer
Computerized Thermal Imaging, Inc. for fiscal 1993, 1994 and
Son-Tech, Inc. for the year ended December 31, 1997, and
Technology Selection, Inc. for the year ended June 30, 1998.
In issuing the audit opinions for these financial statements
Mercer signed the name of Ted H. Pierce & Associates,
American Fork, Utah, accounting firm, without the firm's
knowledge or authorization.
Mercer's license as a certified public accountant in 1992.
filed in the United States District
Court for the District of Utah,
permanent injunctions against future violations of the
antifraud provisions of the Securities Exchange Act of 1934,
disgorgement and civil penalties against Mercer.
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