Svoboda, David – Bohemia, NY 

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Svoboda’s AICPA membership was suspended for three years, effective November 21, 2013, in connection with the Public Company Accounting Oversight Board’s (PCAOB) disciplinary action. Specifically, the PCAOB barred Mr. Svoboda from being an associated person of a registered public accounting firm with the right to file a petition for Board consent to associate with a registered public accounting firm after three years from the date of the Order. This decision was based on the PCAOB’s findings that Mr. Svoboda: (a) violated PCAOB rules and auditing standards in connection with the audits of three issuer clients and the improper creation, addition, and backdating of audit documentation prior to a Board inspection; (b) directly and substantially contributed to a registered public accounting firm’s violation of PCAOB quality control standards; and (c) violated Section 10A(g) of the Securities Exchange Act of 1934 and PCAOB rules and standards in connection with the audits of two issuer clients.


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