As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, Mr. Gill, with the firm of Richard J. Gill, entered into a settlement agreement under the Joint Ethics Enforcement Program, effective June 23, 2015.
Information came to the attention of the Ethics Charging Authority (“ECA”) (comprised of the AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to Mr. Gill’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. Gill’s responses to such its inquiries. After an investigation, Mr. Gill was charged with violation of the AICPA Code 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. Gill failed to ensure it complied with state board requirements and the AICPA’s bylaws to undergo a peer review.
In consideration of the ECA forgoing further investigation of Mr. Gill’s conduct as described above, and in consideration of the ECA forgoing any further proceedings in this matter, Mr. Gill agreed as follows:
a. To waive his rights to a hearing under the AICPA bylaws section 7.4.
b. To neither admit nor deny the above specified charges.
c. To his suspension of membership in the AICPA for a period of two years from the effective date of this agreement.
d. That the ECA shall publish his name, the name of his firm, the charges, and the terms of this settlement agreement.