Kamienski, Michael of Elmhurst, IL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Kamienski’s AICPA membership was suspended for three years, effective September 19, 2016, 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. Kamienski the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after three years from the effective date of the SEC’s Order. This decision was based on the SEC’s findings that Mr. Kamienski engaged in improper professional conduct while serving as the coordinating partner on an engagement team. He failed to perform a reasonable inquiry regarding the extent of the relationship between the chief accounting officer of a Firm’s audit client and a Firm partner, thereby, causing the Firm to violate the auditor independence rules.