As a result of an investigation of alleged violations of the Codes of Professional Conduct of the AICPA and the Illinois CPA Society (ICPAS), Mr. Rivera entered into a settlement agreement under the Joint Ethics Enforcement Program, effective September 8, 2013.
Information came to the attention of the Ethics Charging Authority (“ECA”) (comprised of the AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to Mr. Rivera holding himself out as a CPA while in fact Mr. Rivera was not registered or licensed as a CPA. After an investigation, Mr. Rivera was charged with violating the following rule of the AICPA and ICPAS Code of Professional Conduct:
Rule 501 – Acts Discreditable
Mr. Rivera committed an act discreditable to the profession in that he: i) knowingly held himself out as a licensed CPA in the State of Nevada and the State of Illinois in which he did not possess such licensures in these states; ii) was misleading to the State Board of Nevada by representing himself to be a licensed CPA in the State of Illinois when in fact he did not hold a license in any state; and iii) failed to comply with the directives of the “Cease and Desist” order issued in 2008.
In consideration of the ECA foregoing further investigation of Mr. Rivera conduct as described above and in consideration of the ECA foregoing any further proceedings in these matters, Mr. Rivera agrees as follows:
a. To waive his rights to a hearing under AICPA bylaws Section 7.4 and ICPAS bylaws section 8.5;
b. To neither admit nor deny the above-specified charges;
c. To comply immediately with professional standards applicable to the professional services he performs;
d. To be admonished by the ICPAS and the AICPA;
e. To successfully complete the eight hour self-study course entitled, Professional Ethics: AICPA’s Comprehensive Course, with a grade of 90% or better;
f. To submit evidence of satisfactory completion within six months of the effective date the agreement;
g. That the ECA shall publish his name, the charges, and the terms of this agreement; and
h. That the ECA shall monitor his compliance with the terms of this settlement agreement and initiate an investigation where the ECA finds there has been noncompliance.