Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Cummings’ AICPA membership was suspended for two years, effective July 5, 2015, the date of the state board’s Order. Mr. Cummings was also directed to complete the remedial actions listed below. This action is based on the disciplinary action taken by the California Board of Accountancy, Department of Consumer Affairs. Details regarding the Board’s disciplinary action can be found on the state board’s website.
- To comply immediately with professional standards applicable to the professional services he performs and to submit evidence of such compliance.
- To complete the 7-hour continuing professional education (CPE) course, Upcoming Peer Review: Is Your Firm Ready? within six-months and provide evidence of such completion (e.g., attendance sheets, course completion certificates, etc.).
- To provide evidence of completion (e.g., attendance sheets, course completion certificates, etc.) of the accounting and auditing CPE (24 hours) imposed by the California Board of Accountancy (“Board”).
- To submit, six-months after completion of the Board-imposed accounting and auditing CPE, a list of the highest level (audit, review, compilation with note disclosures) of engagements that he performed in the six-month period following the date he completed the CPE courses. The following information should be included regarding the engagements listed: total hours spent on each engagement; his role and hours on each engagement; level of professional services rendered; type of report issued; type of organization; and whether it was an initial engagement.