As a result of an investigation of alleged violations of the Codes of Professional Conduct of the Illinois CPA Society (ICPAS) and the AICPA, Mr. Harper entered into a settlement agreement under the Joint Ethics Enforcement Program, effective November 9, 2012.
Information came to the attention of the Ethics Charging Authority (“ECA”) (comprised of the ICPAS and the AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to Mr. Harper’s performing the 2010 fiscal year audit of a City when he may not have been independent from the City.
After an investigation, Mr. Harper was charged with violating the following rule of the ICPAS and the AICPA Codes of Professional Conduct:
Rule 101 – Independence as Supported by Interpretation 101-1C
Mr. Harper’s 2010 fiscal audit was not complete as of the date he became a member of the City Council.
In consideration of the ECA foregoing further investigation of Mr. Harper’s conduct as described above and in consideration of the ECA foregoing any further proceedings in these matters, Mr. Harper agrees as follows:
a. To waive his rights to a hearing under ICPAS bylaw section 8.5 and AICPA bylaws Section 7.4.
b. To neither admit nor deny the above-specified charges.
c. To comply immediately with professional standards applicable to the professional services he performs.
d. To be suspended from membership for one year in the ICPAS and the AICPA.
e. To complete the ethics course, “Professional Ethics: The AICPA Comprehensive Course” and to pass with a grade of 90% or better.
f. To submit evidence of satisfactory completion within one year of the effective date of this agreement.
g. That the ECA shall publish his name, the charges, and the terms of this agreement.
h. That the ECA shall monitor his compliance with the terms of this settlement agreement and initiate an investigation where the ECA finds there has been noncompliance.