Cepler, H. Richard of Rockville Centre, NY

As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, Mr. Cepler, with the firm of Kofler, Levenstein, Romanotto & Co., P.C., entered into a settlement agreement under the Joint Ethics Enforcement Program, effective October 16, 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. Cepler’s failure to ensure his firm obtained an appropriate peer review.

 

The ECA reviewed information publicly available on the United States Department of Labor’s EFAST website, Mr. Cepler’s responses to inquiries, and other relevant documents. Based on this information, there appears to be prima facie evidence of a violation by Mr. Cepler of the AICPA Code of Professional Conduct as follows:

 

Rule 501, Interpretation 501-5 – Failure to follow requirements of governmental bodies, commissions, or other regulatory agencies

 

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

 

Agreement:

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

 

a.   To waive his rights to further investigation of this matter in accordance with the Joint Ethics Enforcement Program (JEEP) Manual of Procedures.

b.   To waive his rights to a hearing under AICPA bylaws section 7.4.

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

d.   To his suspension from membership in the AICPA for a period of two years from the effective date of this agreement.

e.   That the ECA shall provide a copy of this settlement agreement to the AICPA’s Peer Review Division staff, his peer review administering entities and his firm’s peer reviewer.

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