Davis, III, Walter D. – Houston, TX 


    Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Davis was admonished, effective August 20, 2013, as a result of the Agreed Consent Order that he entered into with the Texas State Board of Public Accountancy. Specifically, the state board reprimanded Mr. Davis; ordered that he pay administrative costs; and that his license be subject to a scope limitation, from the effective date of the Board Order until an application for removal is accepted by the TSR Committee and ratified by the Board. This decision was based on the Board’s findings that in two audits of financial statements, Mr. Davis’ Firm did not adequately support the representations made in the audit reports, and the supporting work papers did not comply with Generally Accepted Government Auditing Standards.



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