Bauer, Christopher of Austin, TX

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Bauer’s AICPA membership was suspended for one year, effective November 21, 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. Bauer the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after one year from the effective date of the SEC’s Order. This decision was based on the SEC’s findings that Mr. Bauer failed to comply with partner rotation and as a result caused a public accounting firm not to be independent with respect to seven issuer clients in connection with the 2010 through 2013 reporting periods; and for failing to conduct quarterly reviews and an annual audit relating to a public company for the year ended December 31, 2013 in accordance with applicable professional standards and issuance of an audit report that erroneously stated it had conducted its audit in accordance with PCAOB standards.