Valleau, Christopher A. – Boca Raton, FL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Valleau’s AICPA membership was terminated, effective March 18, 2014, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, the SEC denied Mr. Valleau the privilege of appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s findings that Mr. Valleau engaged in improper professional conduct in connection with: (1) the audit of the 2007 year-end financial statements of a “Company”; (2) the audit of the 2010 year-end financial statements of a second “Company”; and (3) respect to some or all of the audits of the financial statements of a third “Company” for the years ended August 31, 2008 and 2009, a four-month transition period ended December 31, 2009, and the years ended December 31, 2010 and 2011.