Madsen, Ted A. of Salt Lake City, UT

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Madsen’s AICPA membership was suspended for two years, effective January 15, 2015. This action is based on the Public Company Accounting Oversight Board’s January 15, 2015 Order Instituting Disciplinary Proceedings, Making Findings, and Imposing Sanctions. Details regarding the PCAOB’s Order can be found on the PCAOB's website.