Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Woo’s AICPA membership was suspended for three years, effective June 7, 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 Ms. Woo 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 Ms. Woo engaged in improper professional conduct in connection with the third quarter 2010 review of interim financial information and the 2011 year-end audit of a public company.