Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Hanni was suspended from membership in the AICPA for two years, commencing April 8, 2011, which was the effective date of the Securities and Exchange Commission’s disciplinary action. Specifically, the SEC denied Mr. Hanni the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after two years of the Order. This decision was based on the SEC’s findings that as the engagement partner providing bookkeeping, financial reporting, and other accounting services to a Company from 2004 to August 2007, Mr. Hanni caused the Company’s false and misleading quarterly and annual Commission reports from year-end 2005 through the first quarter of 2008.