Bejarano, Michelle – Phoenix, AZ 

    As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, Ms. Bejarano entered into a settlement agreement under the Joint Ethics Enforcement Program, effective January 24, 2014.

    Information came to the attention of the Ethics Charging Authority (“ECA”) (AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to the peer review for an audit engagement Ms. Bejarano performed in May 2009. After an investigation, Ms. Bejarano was charged with violating the following rule of the AICPA Code of Professional Conduct:

    Rule 501 - Acts Discreditable
    Ms. Bejarano failed to comply with the firm licensure requirements of the Arizona State Board of Accountancy with respect to the peer review of a May 2009 audit engagement and failing to timely respond to the Arizona State Board of Accountancy’s investigation of her behavior. 

    In consideration of the ECA forgoing further investigation of Ms. Bejarano’s conduct as described above and in consideration of the ECA forgoing any further proceedings in the matter, Ms. Bejarano agrees as follows: 

    a.   To waive her rights to a hearing under 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 she performs.
    d.   To be admonished by the ECA.
    e.   That the ECA shall publish her name, the charges, and the terms of this settlement agreement.

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