Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Gable’s AICPA membership was suspended for two years, effective June 27, 2016, the date of the state board’s Order. Mr. Gable was also directed to complete the remedial actions listed below. This action is based on the disciplinary action taken by the Missouri State Board of Accountancy. Specifically, the state board placed Mr. Gable’s CPA license on probation for a period of five years; directed that he pay a $1,500 penalty; and complete the AICPA’s ethics course, entitled “Professional Ethics: The AICPA’s Comprehensive Course” with a score of 90% or higher. This decision was based on Mr. Gable’s failure to enroll his firm in a peer review program.
- To comply immediately with professional standards applicable to the professional services he performs.
- 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.).
- Within 60 days, Mr. Gable must provide copies of his firm’s most recent peer review documents to the Technical Standards Subcommittee of the Professional Ethics Division, including the report, acceptance letter, corrective action, if any, and any matters for further consideration and findings for further consideration. If his firm has not had a peer review in the current three-year cycle, he must explain how the firm has complied with its state board requirements, the bylaws of the AICPA, and the state CPA society’s peer review requirements.