Lee, David of Seattle, WA

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Lee’s AICPA membership was suspended for two years, effective December 20, 2016, 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. Lee him from being an associated person of a registered public accounting firm with the right to apply for reinstatement after two years from the effective date of the PCAOB’s Order. This decision was based on the PCAOB’s findings that Mr. Lee violated PCAOB rules and standards in connection with five audits for one issuer client.