Labrozzi, Douglas – Miami, FL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Labrozzi’s AICPA membership was terminated, effective March 20, 2014, in connection with the disciplinary action taken by the Public Company Accounting Oversight Board (PCAOB). Specifically, the PCAOB barred Mr. Labrozzi from being an associated person of a registered public accounting firm. This decision was based on Mr. Labrozzi’s failure to cooperate with a Board investigation and for violating PCAOB rules and auditing standards, in which he failed to comply with Accounting Board Demands for documents and testimony, and also improperly added, altered and backdated audit documentation during a Board investigation in violation of his duties to cooperate and Auditing Standard No. 3, Audit Documentation.