As a result of Mr. Arrington’s failure to cooperate with an investigation of alleged violations of the Code of Professional Conduct of the AICPA, Mr. Arrington entered into a settlement agreement with the Professional Ethics Executive Committee of the American Institute of Certified Public Accountants (the ECA) under the Joint Ethics Enforcement Program, effective July 20, 2015.
In consideration of the AICPA foregoing any further proceedings in this matter, Mr. Arrington agreed as follows:
a. To waive his right to a hearing under AICPA bylaws section 7.4;
b. To neither admit nor deny the above specified charge;
c. To be expelled from the AICPA;
d. That the ECA shall publish his name, the charges, and the terms of this settlement agreement.