Revai, Tamas of New York, NY

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Revai’s AICPA membership was suspended for three years, effective December 13, 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. Revai 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. Revai (1) violated PCAOB rules and standards concerning auditor independence; (2) violated PCAOB rules and standards in connection with the audit of a broker-dealer; (3) violated PCAOB rules and standards in connection with his Firm’s review engagement regarding the examination of the broker-dealer’s exemption report; and (4) violated PCAOB rules and standards in connection with the Board’s 2015 inspection of the Firm.