United States of America
before the
Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 47633 / April 4, 2003
Accounting and Auditing Enforcement
Release No. 1751 / April 4, 2003
Administrative Proceeding
File No. 11081
_________________________________________________________________
In the Matter of
CHRISTOPHER F. CRAWFORD, CPA
Respondent.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE
CHRISTOPHER F. CRAWFORD, CPA, 102(e)(3) OF THE COMMISSION'S RULES OF
PRACTICE, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it in the
public interest that public administrative proceedings be, and hereby
are, instituted against Christopher F. Crawford ("Respondent" or
"Crawford") pursuant to Rule 102(e)(3)(i) of the Commission's Rules of
Practice.
II.
In anticipation of the institution of these proceedings, Respondent
has submitted an Offer of Settlement (the "Offer") which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without
admitting or denying the findings herein, except as to the
Commission's jurisdiction over him and the subject matter of these
proceedings, and the findings contained in Section III.3below, which
are admitted, Respondent consents to the entry of this Order
Instituting Administrative Proceedings Pursuant to Rule 102(e)(3) of
the Commission's Rules of Practice, Making Findings, and Imposing
Remedial Sanctions ("Order"), as set forth below.
SNIPPETS:
Securities and Exchange Commission
CHRISTOPHER F. CRAWFORD, CPA
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE
PRACTICE, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS
The Securities and Exchange Commission deems it in the public interest that public
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
ion's Rules of Practice, Making Findings, and Imposing Remedial Sanctions, as set forth below.
Crawford, age 45, is a certified public accountant licensed in the State of Oregon.
He served as Chief Financial Officer of The North Face, Inc. from August 1997 until March
The North Face was, at all relevant times, a Delaware corporation with its principal place of
At all relevant times, The North Face's common stock was registered with the Commission
On February 10, 2003, the Commission filed a complaint against Crawford in, Civil Action
On March 21, 2003, the court entered an order permanently enjoining Crawford, by consent,
The Commission's complaint alleged, among other things, that Crawford engaged in fraudulent
These practices included improperly recognizing revenue from a consignment sale and
a preparer or reviewer, or a person responsible for the preparation or review, of any public
Respondent, or the firm with which he is associated, is a member of the SEC Practice Section
As long as Respondent appears or practices before the Commission as an independent accountant
The Commission will consider an application by Respondent to resume appearing or practicing
|
