Perez III, Frank of Tampa, FL

July 1, 2020

As a result of an investigation of alleged violations of the Code of Professional Conduct of the AICPA, Mr. Perez, with the firm of Perez & Company, CPA's, P. A., entered into a settlement agreement under the Joint Ethics Enforcement Program, effective June 8, 2020.

Information came to the attention of the Ethics Charging Authority (ECA) (AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to Mr. Perez’s failure to ensure his firm enrolled in the AICPA Peer Review Program and undergo a peer review.

The ECA reviewed the allegations in the referral and Mr. Perez’s responses to such allegations. Based on this information, the ECA charged Mr. Perez with a violation of the Code of Professional Conduct of the AICPA as follows:

Acts Discreditable Rule (1.400.001)

As the partner responsible for his firm’s peer review compliance, Mr. Perez failed to ensure it complied with the state board requirements and those of the AICPA to undergo a peer review.

Agreement

In consideration of the ECA forgoing further investigation of Mr. Perez’s conduct as described above, and in consideration of the ECA forgoing any further proceedings in the matter, Mr. Perez agreed as follows:

a.     To waive his rights to a hearing under AICPA bylaws section 7.4.

b.     To neither admit nor deny the above specified charges.

c.     To his expulsion from membership in the AICPA.

d.     That the ECA shall publish his name, the name of his current firm, the charges, and the terms of this settlement agreement.