Quintanilla, Tim of San Juan Capistrano, CA

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Quintanilla’s AICPA membership was terminated, effective February 9, 2017, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, through an “Offer of Settlement”, and without admitting or denying the findings, the SEC suspended Mr. Quintanilla from appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s findings that, among other things, Mr. Quintanilla in his role as the engagement partner on an audit of a public company’s financial statements, Mr. Quintanilla made the final decision to issue unqualified audit opinions with respect to such financial statements for the years ended December 31, 2006, December 31, 2007, and December 31, 2008, even though those statements contained material misstatements and omissions.