Bronowski, Terrence - Merrillville, IN

As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA and the Indiana CPA Society, Mr. Bronowski, with the firm of Terrence J. Bronowski, CPA, entered into a settlement agreement under the Joint Ethics Enforcement Program, effective July 13, 2015.


Information came to the attention of the Ethics Charging Authority (“ECA”) (comprised of the AICPA Professional Ethics Executive Committee and the Indiana CPA Society Professional Ethics Committee) alleging a potential disciplinary matter with respect to Mr. Bronowski’s failure to ensure his firm obtained an appropriate peer review.


The ECA reviewed the allegations in the referral, publicly available information from the United States Department of Labor’s EFAST website and Mr. Bronowski’s responses to such allegations. The ECA charged Mr. Bronowski with violating the AICPA and the Indiana CPA Society’s codes of professional conduct as follows:


Rule 501, Interpretation 5 – Failure to Follow Requirements of Governmental Bodies, Commissions, or Other Regulatory Agencies

As the partner responsible for his firm’s peer review compliance, Mr. Bronowski failed to ensure it complied with state board requirements and those of the AICPA and the Indiana CPA Society to undergo a peer review. 



In consideration of the ECA forgoing further investigation of Mr. Bronowski’s conduct as described above, and in consideration of the ECA forgoing any further proceedings in this matter, Mr. Bronowski agreed as follows:


a.  To waive his rights to a hearing under AICPA bylaws section 7.4 and the Indiana CPA Society’s bylaws Article X, 10.4.

b.  To neither admit nor deny the above specified charges.

c.  To his suspension of membership in the AICPA and the Indiana CPA Society for a period of two years from the effective date of this agreement.

d.  To comply immediately with professional standards applicable to the professional services he performs.

e.  That the ECA shall publish his name, the name of his firm, the charges, and the terms of this settlement agreement.