Thomas, Clay of Abilene, TX

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Thomas’ AICPA membership was terminated, effective April 15, 2016, in connection with the disciplinary action taken by the Public Company Accounting Oversight Board. Whereby, through an “Offer of Settlement”, and without admitting or denying the findings, the PCAOB barred Mr. Thomas from being an associated person of a registered public accounting firm based on its findings concerning his noncooperation with a Board investigation and violations of PCAOB rules and auditing standards in connection with the Firm’s audits of two issuer audit clients.