Deak, Brian Louis of Scottsdale, AZ

In consideration of foregoing a full investigation under the Joint Ethics Enforcement Program, this case was resolved by a settlement agreement, in which Mr. Deak’s AICPA membership was suspended for one year, effective February 14, 2014, as a result of the Consent Order that he entered into with the Arizona State Board of Accountancy (the “Board”).  Specifically, the Board placed Mr. Deak’s CPA license on probation for two years in connection with allegations that Mr. Deak disputed relating to the audit of a “Company’s” consolidated financial statements for the two months ended December 31, 2006 and the years ended October 31, 2006 and 2005, and the year ended December 31, 2007.  The Board alleged that the consolidated financial statements were not in conformity with generally accepted accounting principles and that such consolidated financial statements contained material departures from such accounting principles in each of the audit years, which had a material effect on the consolidated financial statements taken as a whole.  The Board directed that Mr. Deak limit the scope of his practice by not performing or providing attest services for two years, directed that he reimburse the Board for its costs relating to its investigation and proceedings in this matter, pay an administrative penalty, and directed that he complete forty-eight hours of continuing professional education.