Li, Tony Zhicong of Skillman, NJ

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Li’s AICPA membership was terminated, effective August 31, 2016, in connection with the disciplinary action taken by the Public Company Accounting Oversight Board (PCAOB). Specifically, through an “Offer of Settlement”, the PCAOB barred Mr. Li from being an associated person of a registered public accounting firm. This decision was based on Mr. Li’s non-cooperation with a Board investigation, by failing to comply with Accounting Board Demands which required Mr. Li to appear for sworn testimony and produce certain documents and information.