Confessore, Richard of Sarasota, FL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Confessore’s AICPA membership was suspended for two years, effective December 10, 2015, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, through an “Offer of Settlement”, and without admitting or denying the charges, the SEC denied Mr. Confessore the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after two years from the effective date of the SEC’s Order for violating the auditor independence rules for seven audit and review engagements of three public company clients in 2012-2013 on account of employment, business, or financial relationship either he or his partners had with those three clients. In addition, the State of Florida-Department of Business and Professional Regulation suspended Mr. Confessore’s CPA license for one year.