Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Curry’s AICPA membership was suspended for two years, effective August 24, 2015. Ms. Curry was also directed to complete the remedial actions listed below. This action is based on the disciplinary action taken by the North Carolina State Board of Certified Public Accountant Examiners. Details regarding the Board’s Order can be found on the state board’s website.
1. To comply immediately with professional standards applicable to the professional services she performs.
2. To complete the following 25.5 hours of continuing professional education (CPE) courses within six months of the date of this letter and provide evidence of such completion (e.g., attendance sheets, course completion certificates, etc.): Upcoming Peer Review: Is Your Firm Ready? (9 hours); Accounting and Reporting for Not-for-Profit Organizations (16.5 hours).
3. Within 60-days of the date of this letter, Ms. Curry must provide copies of her firm’s most recent peer review documents to the Subcommittee, including the report, acceptance letter, corrective action, if any, and any matters for further consideration and findings for further consideration.
If her firm has not had a peer review in the current three-year cycle, Ms. Curry needs to explain how the firm has complied with its state board requirements and the bylaws of the AICPA and the state CPA society’s peer review requirements.