Marchant, Paul - Wayne, NJ

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Marchant’s AICPA membership was suspended for a period of three-years, effective May 6, 2014, in connection with the disciplinary action taken by the Public Company Accounting Oversight Board (PCAOB). Specifically, the PCAOB barred Mr. Marchant from being an associated person of a registered public accounting firm with the right to file a petition for Board consent to associate with a registered public accounting firm after three years from the date of the Order. This decision was based on the PCAOB’s findings that Mr. Marchant violated PCAOB rules and auditing standards in connection with the improper addition, alteration, and backdating of audit documentation in connection with a Board investigation.