Ancira, Carlos of Austin, TX

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Ancira was suspended for three years, effective May 21, 2015, in connection with the disciplinary action taken by the Texas State Board of Public Accountancy. Specifically, the state board suspended Mr. Ancira’s CPA license for three years in connection with allegations that during FYE 2003 through 2007 of a Company’s audits, Mr. Ancira presented that the financial statements were in conformity with generally accepted accounting principles when such financial statements contained material departures from such accounting principles in each of the audit years, which had a material effect on the financial statements taken as a whole.