Appenzeller, Barbara - Tempe, AZ 

    Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Appenzeller was admonished, effective September 5, 2013, in connection with the disciplinary action taken by the Arizona State Board of Accountancy. Specifically, the state board placed Ms. Appenzeller’s CPA Certificate on probation for twelve months; directed that she complete thirty-two hours of tax technical CPE; and pay reimbursement costs. The state board’s decision was a result of Ms. Appenzeller’s failure to properly report the full amount of a client’s net operating loss carry forward on the client’s 2009 income tax return, and for failing to perform an analysis to determine and advise the client of the tax consequences of converting a single-member LLC, from an entity taxed as a sole proprietorship and electing to be taxed as a Sub Chapter S Corporation.

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