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| Source | Percent | |
| Agency oversight programs | 30 | 51% |
| Clients | 8 | 13% |
| Other CPAs | 2 | 2% |
| Miscellaneous | 17 | 29% |
| Anonymous | 3 | 5% |
The 60 cases closed during 2006 resulted from the following allegations:
Use of title or holding out in public practice by a nonCPA or non WA CPA 10 17% Issuance of audit, review, or compilation report by unauthorized individual 1 2% Records retention 3 5% Noncompliance with technical standards including Quality Assurance Review Noncompliance with code of conduct including conflict of interest 5 8% Failure to respond to Board oversight/inquiries Failure to meet/substantiate CPE 26 44% Use of title or holding out in public practice with a lapsed license/certificate or no CPA firm license 11 18% Good character determination for initial licensure Felony conviction/disbarment Embezzlement, fraud, dishonesty, or negligence Fiduciary malfeasance or breach of fiduciary duties/disbarment 2 2% Failure to timely complete engagement Failure to pay individual federal income taxes Incompetence 1 2% Reinstatement of suspended license request 1 2% Total: 60 100%
The Board resolved the 60 cases during 2006 as follows:
Closed via Board Order 15 24% Lack of evidence of violation 13 22% Death of licensee Closed via an settlement/informal agreement (other than a Board Order) 11 19% Administrative Sanctions Imposed 20 35%
Disciplinary Actions during 2006:
The Board has completed the following disciplinary actions during 2006:
License and certificate suspensions (including stayed suspension) and revocations
Other Board Orders Information on Board orders and other sanctioning agreements not summarized here is available under the Public Disclosure Act by contacting the Board's office at webmaster@cpaboard.wa.gove or (360) 664-9194.
License and certificate suspensions (including stayed suspension) and revocations:
Genevieve A. Traub, CPA. Ridgefield. February 3, 2006. Violation: Failure to respond to Board inquiries concerning documentation required to verify completion of the Continuing Professional Education (CPE) requirements for the 1999/2000 and 2001/2003 reporting periods. Sanctions: Suspension of CPA certificate, individual license to practice public accounting and CPA firm license for one year. As conditions for reinstatement, Traub must submit a complete reinstatement application including original documentation supporting the satisfactory completion of qualifying Continuing Professional Education (CPE) required for reinstatement; reimburse Board $1,000 for costs; pay $4500 fine; and complete the AICPA's course "Professional Ethics for CPAs."
Rocky Leung. Seattle. October 7, 2006. Violation: Use of the CPA title without benefit of a valid Washington state individual CPA practice license. Sanction: Agreement to immediately cease restricted practices and pay $1,000 fine.
Mel R. Codd, Maple Valley. October 4, 2006. Violation: Use of title CPA in Washington state without benefit of a valid Washington state individual CPA practice license. Sanctions: Agreement to immediately cease using the CPA designation and/or holding out as a CPA for the practice of public accounting and issuing of audit, review, or compilation reports to financial statements until properly license to do so. As a condition to the issuance of a license the individual must pay $500 fine and reimburse the Board $250 for costs.
Kyle Ngo. Renton. October 4, 2006. Violation: Issuance of compilation report without benefit of a valid Washington state individual CPA practice license. Sanction: Agreement to immediately cease restricted practices.
Christopher W. Phillips. Maple Valley. September 22, 2006. Violation: Use of title CPA in Washington state without benefit of a valid Washington state individual CPA practice license. Sanction: Agreement to immediately cease restricted practices and pay $1,000 fine.
Murray Hildebrand, Lynden. August 27, 2006. Violation: Use of title CPA and holding out as a CPA in Washington state without benefit of a valid Washington state individual CPA practice license. Licensed in California. Sanctions: Oregon CPA agreed to immediately cease using the CPA designation and/or holding out as a CPA for the practice of public accounting and issuing of audit, review, or compilation reports to financial statements while in the State of Washington. As a condition to the issuance of a license by reciprocity the Oregon CPA must pay $5,000 fine and reimburse the Board $500 for costs. The Oregon CPA must also complete four hours of Continuing Professional Education (CPE) in ethics and regulations applicable to the practice of public accounting in Washington State.
Ma, Patricia Wing Yin, Hong Kong. August 27, 2006. Violation: Acts and omissions in filing an application for renewal of CPA license constitute fraud or deceit; failure to maintain compliance with the Continuing Professional Education (CPE) requirements for renewal of the CPA license. Sanctions: CPA agrees to pay $750 fine, reimburse Board $100 for costs, complete four hour of CPE in professional ethics applicable to the practice of public accounting in Washington State; and fully comply with the Board's CPE requirements for renewal in 2008.
James D. Bacon, CPA. Olympia. May 7, 2006. Violation: Failure to comply with federal and state laws and the profession's technical and ethical standards, to maintain competence, to strive to improve the quality of services, and to discharge professional responsibility to the best of the CPA's ability . Sanctions: CPA agreed to pay restitution to client in the amount of $5,516.73; to not undertake any engagement for which the CPA is not qualified to perform timely and with professional competence; and to complete 32 hours of Continuing Professional Education in estate taxation.
Robert Rayner, CPA. Seattle. April 15, 2006. Violation: Issuance of reports to financial statements without benefit of a CPA firm license. Sanctions: Issuance of CPA firm license on condition that CPA pays $1,000 fine; reimburses Board $200 for investigative and legal costs; submits one report on financial statements issued during each calendar year the CPA firm was unlicensed for Board review; provides the Board with a listing of all clients CPA provided attest services; and notifies each client in writing for whom the CPA provided attest services that CPA performed the work without benefit of a valid Washington state CPA firm license.
Rhonda Staton. Mercer Island. April 14, 2006. Violation: Unlicensed person affixed a firm name along with the designation "Certified Public Accountants" to report designated as an audit. Sanction: Agreement to immediately cease restricted practices; pay $5,000 fine; and reimburse the Board $1,000 for costs.
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