Jones, Stanford of Salt Lake City, UT

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Jones’ AICPA membership was suspended for three years, effective January 24, 2017, in connection with the disciplinary action taken by the Public Company Accounting Oversight Board (PCAOB). Specifically, through an “Offer of Settlement”, and without admitting or denying the charges, the PCAOB barred Mr. Jones from being an associated person of a registered public accounting firm with the right to apply for reinstatement after three years from the effective date of the PCAOB’s Order. This decision was based on the PCAOB’s findings that Mr. Jones violated PCAOB rules and standards by failing to comply with PCAOB auditing standards in connection with the audits of two issuers.