License revoked.

Effective October 16, 1994

Effective October 15, 1993, via Stipulation, Decision and Order, the Board disciplined Respondent for gross negligence in his preparation of an audit report; accepting a $500 referral fee for recommending tax shelter investments to a client; and practicing public accountancy without a valid permit. Respondent's license was revoked. Revocation was stayed with three (3) years probation and one year suspension imposed, effective October 15, 1993.

As a term of probation, Respondent was ordered to complete continuing education and renew his CPA certificate by the end of his suspension period. Failure to comply with said term was cited as a basis for the automatic revocation of Respondent's license without further proceedings.

Respondent failed to complete the continuing education and renew his CPA certificate within the required time period. Failure to comply with the terms of the Board's disciplinary order.

License revoked. Revocation stayed with 3 years probation. Probation terms include one year suspension, 80 hours additional CPE, prohibition against any future review or audit engagements until Respondent demonstrates to the Board his competency to do such work, reimbursement to the Board for investigative costs, reimbursement to clients of $5,000 and other standard terms of probation.

Effective October 15, 1993

Respondent was grossly negligent relative to his preparation of an audit report in that he used an incorrect accountant's report, failed to refer to the statement of changes in financial position included in the client's financial statements and failed to qualify his report for or correct other financial statement and disclosure errors. Respondent's audit work papers also failed to document audit planning, confirmations, internal control study, subsequent events testing procedures, and allowances for doubtful accounts. Respondent further accepted a $500 referral fee for recommending tax shelter investments to a client. Respondent further practiced public accountancy while not the holder of a valid permit.

Business and Professions Code §§ 5100 (c) and (f), 5050. California Code of Regulations, Title 16, Division 1, § 56.

Revocation of CPA Certificate, via default decision.

Effective January 7, 2007

Mr. Laird was grossly negligent in the practice of public accountancy by failing to complete an estate tax return after being engaged and paid to do so by a client, and by incorrectly preparing an IRS Application for Tentative Refund, Form 1045, for a separate client.Mr. Laird breached his fiduciary duty as trustee of his deceased mother's trust by failing to properly administer the trust. Mr. Laird failed to provide an annual accounting of the trust after multiple requests from the beneficiaries, failed to properly designate trust property as property of the trust, and failed to file trust tax returns and a final decedent tax return.

Mr. Laird practiced public accountancy under the unregistered name of "James Laird Certified Public Accountant Professional Corporation." Mr. Laird failed to respond to multiple Board inquiries during the investigation.

Business and Professions Code, Division 3, Chapter 1, §§ 5100 (c), (i), (g) and 5060. California Code of Regulations, Title 16, Division 1, § 52.

Related Documents:

Accusation and Decision

Revocation stayed with three years' probation, via stipulated settlement.

Mr. Large's license is suspended for a period of two years.

Mr. Large shall take and pass with a score of 90 percent or better a CBA approved ethics examination.

Mr. Large shall comply with the procedures provided by the CBA regarding notification to clients.

Mr. Large shall, within 12 months from the date of signing the stipulation, provide the CBA with a written release from the California Employment Development Department, attesting that full restitution in the amount of $480,000 has been paid.

Mr. Large is required to reimburse the CBA $6,077.50 for its investigation and prosecution costs.

Other standard terms of probation.

Effective December 24, 2010

Accusation No. AC-2009-38 includes charges that Respondent was convicted on a plea of nolo contendere to a reduced misdemeanor charge of violating Unemployment Insurance Code section 2101.5, a crime substantially related to the qualifications, functions and duties of a Certified Public Accountant, and failed to report the conviction to the CBA.

Business and Professions Code, Division 1.5, Chapter 3, § 490, Division 3, Chapter 1, § 5063 and 5100 (a).

Related Documents:

Accusation and Decision

Surrender of certificate, via stipulated settlement.

Effective June 19, 1999

Accusation AC-98-27 alleges Respondent began failing to prepare federal and state income tax returns on behalf of several long-standing clients, who annually provided him with their tax records with the understanding that he would prepare their income tax returns. In view of the fact that Respondent is suffering from a medical condition of uncertain duration which renders him unable to practice as a certified public accountant, and in order to avoid the time and expense necessary for an administrative hearing, respondent agreed to surrender his certificate.

Business and Professions Code, Division 3, Chapter 1, §§ 5037 (b), 5100 (c) and (f). California Code of Regulations, Title 16, Division 1, § 3.

Via default decision, revocation of CPA Certificate.

Effective November 4, 1996

On July 30, 1996, an accusation was filed against Mary M. Leal alleging Respondent performed audits for two condominium associations, each of which contained extreme departures from generally accepted auditing standards as discussed below: the auditor failed to document any planning for the audits; the auditor failed to document her understanding of the internal control structure and the assessed level of control risk; the auditor failed to document that she obtained sufficient competent evidential matter to afford a reasonable basis for an opinion; Respondent failed to perform analytical procedures; failed to obtain a representation letter from management; failed to make an inquiry to, and obtain a response from, the client's lawyer; failed to exercise due professional care in the performance of the audit; failed to modify the report for deficiencies in financial statement presentation and disclosure.

Respondent failed to maintain the required records for her continuing education for the 1992-1994 renewal period. Respondent also failed to complete continuing education for the 1994-1996 renewal period. Board staff issued two notices to Respondent requesting she submit an audit report and financial statements for review pursuant to the Board's Positive Enforcement Program (Rule 89.1). Respondent failed to respond to the Board's requests during the period of August 1992 to April 1993. Respondent practiced public accounting with an expired license from December 1992 to February 1995.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5055, 5062, 5100(c) and (f). California Code of Regulations, Title 16, Division 1, §§ 87(a), 89(a), 89(b), 89(f), 89.1(a), 89.1(b), 90(a), and 90(c).

Related Documents:

Accusation and Decision

Surrender of CPA certificate, via stipulated settlement.

Ms. Lee is required to reimburse the Board $3,920 for its investigation and prosecution costs prior to the issuance of a new or reinstated license.

Effective February 25, 2007

Reinstatement of CPA Certificate with three-year probation with terms and conditions.

Reinstated January 3, 2012

Ms. Lee admits the truth of each and every charge and allegation in Accusation No. AC-2006-21 and agrees that cause exists for discipline and hereby surrenders her CPA certificate.

Ms. Lee admits that she was convicted of a crime substantially related to the practice of public accountancy. Ms. Lee was convicted by a plea of no contest to embezzlement, a misdemeanor charge. While Ms. Lee was employed as a tax compliance manager for Basic American Foods, Ms. Lee processed company tax payments to the California Franchise Tax Board (FTB) in the amounts of $25,000 and $150,000, and sent them to the FTB in payment of her own tax liability.

Ms. Lee failed to report her conviction to the Board.

Business and Professions Code, Division 3, Chapter 1, §§ 490, 5036, and 5100 (a).

Related Documents:

Accusation and Decision

Mr. Lee's license is revoked, via decision, following appeal and court judgment sustaining decision. Effective date of the decision was stayed pending the appeal.

Effective June 3, 2011

Also See:

Kenny H. Lee CPA Group, Inc.

Kwang-Ho Lee was barred by the Public Company Accounting Oversight Board (PCAOB) from being an associated person of a registered public accounting firm. Mr. Lee was grossly negligent in audit services he performed, lacked independence in one engagement, and failed to perform any audit procedures prior to issuing an audit report. Mr. Lee failed to report to the Board the initiation of the investigation by the PCAOB and the discipline imposed by the PCAOB.

In a separate matter, Mr. Lee was grossly negligent in tax preparation services he provided by preparing an estate tax return for a client whose mother"s estate consisted of a house valued at $270,000, well below the $1,500,000 filing requirement.

On June 4, 2009, the California Board of Accountancy ("Board") adopted the attached "Decision After Non-Adoption of Proposed Decision," revoking Mr. Lee's License effective July 4, 2009. On June 22, 2009, the Board corrected clerical errors in the decision and issued the attached "Order Correcting Clerical Error and Amended Order Nunc Pro Tunc After Non-Adoption of Proposed Decision."

Respondent subsequently filed a petition for a Writ of Mandate and Ex Parte Application for Stay of Administrative Hearing on or about June 25, 2009, in Los Angeles County Superior Court (Kwang-Ho Lee and Kenny H. Lee CPA Group., Inc. v. California Board of Accountancy, Case No. BS121343). On June 26, 2009, the Superior Court granted Respondent's request for a stay and ordered the Board to "stay the operation of its decision ... pending the entry of judgment in the administrative mandamus proceeding..." However, the Superior Court also ordered Respondent's license restricted pending entry of judgment: Respondent was "prohibited from performing any estate tax work or independent audit work." On January 4, 2010, the Superior Court denied Respondent's petition and issued a judgment in favor of the Board.

Subsequently, Respondent filed a notice of appeal on December 30, 2009, and then an Application for a Writ of Supersedeas and request for stay on January 12, 2010 with the California Court of Appeal. (Kwang-Ho Lee and Kenny H. Lee CPA Group., Inc. v. California Board of Accountancy, Cal.Ct.App.2nd Dist., Case No. B221561.) On January 19, 2010, the Court of Appeal ordered that the Board's decision be "temporarily stayed" pending further order of the Court. However, the Court also ordered that Respondent's license was restricted and that he was prohibited from performing any estate tax work or independent audit work pending the outcome of the Court's decision. On February 10, 2010, the Court of Appeal vacated its January 19 stay order, and issued a new stay order with the same practice restrictions as the January 19 stay order. On May 4, 2011, the Court affirmed the Superior Court's judgment to uphold the Board's decision and vacated its stay order entered on February 10, 2010.

Business and Professions Code, Division 3, Chapter 1, Sections 5100(c), 5100(l), and 5063.

California Code of Regulations, Title 16, Division 1, Section 65.

Related Documents:

Accusation and Decision

Superior Court Order BS 121343

Appellate District Court Orders and Disposition

Revocation of CPA certificate.

Reimburse the Board for investigative and prosecution costs. The proposed decision states that the Board of Accountancy shall stay its collection of the costs awarded for a period of four months after the date the Board's decision becomes final. If Respondent provides proof of payment to victim of no less than an amount equal to the costs awarded within that period of time, the Board's stay shall become permanent.

Effective September 7, 1996

On March 8, 1993, in the Municipal Court of the Southeast/San Antonio Judicial District for the County of Los Angeles, State of California, Respondent entered a plea of nolo contendere to a felony violation of Penal Code section 504 (embezzlement) and admitted the special allegation of violation of Penal Code section 12022.6(a) (taking, damaging or destroying property in excess of $25,000).

Factually, during the period January 1, 1990 and August 31, 1992, while employed by C.A.R. Truck and Trailer Repair (CAR) as a certified public accountant, Respondent unlawfully appropriated from CAR, for his own purposes, at least $63,000 entrusted to him. The funds were sales tax monies intended for remittance to the State Board of Equalization.

The Board of Equalization demanded satisfaction of the tax liability and CAR's attempts to meet this demand resulted in significant financial hardship. CAR's credit rating was adversely affected as a direct result of Respondent's actions.

Business and Professions Code §§ 5100(a), (c), (h), and (j). California Code of Regulations, Title 16, Division 1, § 99.

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via default decision.

Effective March 7, 1998

On or about December 31, 1996, a citation was issued to Respondent.
Respondent failed to comply with the citation and, as a result, Respondent's certificate was subject to discipline for unprofessional conduct.

Business and Professions Code, Division 3, Chapter 1, § 5100 (f). California Code of Regulations, Title 16, Division 1, § 95.4.

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via default decision.

Effective January 7, 2007

Ms. Leung is subject to disciplinary action in that on or about February 28, 2006, the U.S. Securities and Exchange Commission (SEC) issued an order suspending Ms. Leung from appearing or practicing before the SEC.

The SEC suspension followed Ms. Leung's consent to entry of final judgment in the U.S. District Court for the Central District of California on or about February 21, 2006, including terms by which she was permanently barred from serving as an officer or director of a public company and ordered to pay a $750,000 penalty.

Charges filed by the SEC in the matter alleged that Ms. Leung, in her positions as Chief Financial Officer, Chief Operating Officer, and member of the Board of Directors of Gemstar-TV Guide International, Inc., had participated in a scheme to defraud investors by inflating the company's licensing and advertising revenues.

Business and Professions Code, Division 3, Chapter 1, §§ 5100 (h) and (l).

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via stipulated settlement.

Effective May 1, 1998

For purposes of settlement, Respondent neither admits nor denies the allegations contained in First Amended Accusation, but agrees to revocation of CPA Certificate. The charges are that on May 11, 1992, Respondent entered two pleas of guilty in the 363rd Judicial District Court of Dallas County, Texas, involving theft from client trust funds.

Business and Professions Code, Division 3, Chapter 1, § 5100(a) and (h).

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via default decision.

Effective March 4, 1999

Reinstatement of CPA Certificate. License revoked. Revocation is stayed with three years' probation at standard terms and conditions.

Effective March 11, 2005

Mr. Levine failed to comply with a citation that was issued on or about January 13, 1998. As a result, Mr. Levine's certificate was subjected to discipline for unprofessional conduct.

Business and Professions Code, Division 3, Chapter 1, § 5100 (f).

Related Documents:

Accusation and Decision

License revoked. Revocation stayed and Respondent is placed on probation until December 31, 1995.

Probation terms include prohibition from selling or marketing any investment programs or products during period of probation; prohibition from engaging in any type of investment counseling or working for a company or organization that sells or otherwise promotes investments while licensed as a California CPA; prohibition from accepting, disbursing or otherwise handling client funds; provide all new and existing clients with written notice concerning the status of his CPA license; prohibition from accepting or performing audit engagement(s) during probation (all pending audit engagements are to be transferred to another CPA); prohibition from entering into business ventures of any kind with his accounting clients including loaning money or borrowing money from accounting clients during period of probation; and other standard terms of probation. Upon termination of probationary period (December 31, 1995), CPA certificate shall be revoked.

Effective November 3, 1994

Respondent is the President and major stockholder of a corporation.
Respondent solicited his accounting clients to invest in the corporation and guaranteed the investments by issuing "Notes Straight," which were promissory notes for amounts invested by his accounting clients in the corporation, to be paid "on demand" at variable interest rates.

Respondent breached his fiduciary responsibility to his clients by failing to accurately represent the investment risks associated with the corporation, failing to provide an accurate accounting of the investments and failing to immediately and expeditiously pay all principal and interest in accordance with the terms of the "Notes Straight."

Business and Professions Code, Division 3, Chapter 1, § 5100 (f).

Related Documents:

Accusation and Decision

Revocation stayed with three years’ probation, via stipulated settlement.

Mr. Libman’s license is suspended for one year.

Mr. Libman shall complete four hours of continuing education in ethics.

Mr. Libman shall complete and provide proper documentation of 24 hours of professional education courses for license renewal in addition to the required 80 hours and maintain an active license with the CBA.

Mr. Libman shall reimburse the CBA in the amount of $6,928.80 for its investigation and prosecution costs, which shall be made in quarterly payments with the final payment due one year before probation is scheduled to terminate.

Other standard terms of probation.

Effective October 27, 2012

Mr. Libman admits the truth of each and every charge and allegation in Accusation No. AC-2011-18.

On or about October 8, 2009, after pleading guilty, Mr. Libman was convicted of one felony count of violating 26 U.S.C. section 7206(2) [aiding in the preparation and presentation of fraudulent return] in the criminal proceeding entitled United States of America v. Arnold C. Libman (C.D. Cal., 2009, No. CR-09-00008). The Court sentenced Mr. Libman to 18 months in prison, placed him on one year probation, and ordered him to not engage in preparation of income tax returns or financial consultation without express approval of probation.

The circumstances underlying the conviction are that on or about February 9, 2004, Mr. Libman prepared a United States Individual Income Tax Return, Form 1040, that was false and fraudulent as to a material matter and was submitted to the Internal Revenue Service for an individual. Specifically, as a result of the false expenses on the tax return that Mr. Libman prepared, the return falsely reported a tax liability of $4,108. Without the false expense, the reported (and true) tax liability would have been $10,379.

Mr. Libman also failed to notify the CBA within 30 days of his criminal conviction as required.

Business and Professions Code, Division 1.5, Chapter 3, § 490; Division 3, Chapter 1, §§ 5100 (a), (c), (g), (j), and 5063. California Code of Regulations, Title 16, Division 1, § 99.

Related Documents:

Accusation and Decision

Revocation of CPA license, via default decision

Effective April 28, 2012

The default decision sustains the following allegations in the Accusation:

Mr. Lietzow practiced public accountancy while his license was in an inactive status and he also failed to designate on his title that his license was inactive. On or about March 23, 2011, the CBA became aware that Mr. Lietzow was using the CPA designation, advertising his services on his employer's online website while his license to practice public accountancy was in an inactive status.

Mr. Lietzow failed to comply with a citation issued against his license. On or about March 30, 2011, the CBA issued Citation No. CT-2011-15 to Mr. Lietzow for violations of California Code of Regulations (CCR), Title 16, sections 87(a) and 52. Mr. Lietzow failed to submit certificates of completion documenting a minimum of 80 hours of continuing education to include the deficient two hours for the renewal period ending November 30, 2008. Mr. Lietzow failed to respond to multiple CBA letters and a subpoena issued during the investigation that resulted in the citation being issued. Mr. Lietzow was issued fines totaling $1,000 for both violations. The Citation Order is still outstanding.

Mr. Lietzow failed to respond to CBA inquiries including letters and telephone calls from the CBA regarding compliance issues within 30 days as required by board regulation during the time period of March 28, 2011 to August 17, 2011.

Business and Professions Code, Division 3, Chapter 1, §§ 5050(a), 5058.2, and 5100(g). California Code of Regulations, Title 16, Division 1, §§ 95.4 and 52.

Related Documents:

Accusation and Decision

Revocation stayed with three years' probation, via stipulated settlement.

Mr. Lightfoot shall maintain an active license.

Mr. Lightfoot shall complete four hours of continuing education in ethics.

Mr. Lightfoot shall reimburse the CBA in the amount of $8,550.40 for its investigation and prosecution costs.

Other standard terms of probation.

Effective March 3, 2013

Accusation No. AC-2012-40 contains the following allegations:

Mr. Lightfoot is subject to disciplinary action under Business and Professions Code Section 5100(g) and Section 5061, and California Code of Regulations, Title 16, Section 56, in that Mr. Lightfoot willfully violated Division 3, Chapter 1, of the Business and Professions Code and regulations enacted thereunder by providing products and/or services to a client for a commission without disclosing the commission to the client as required by law.

Mr. Lightfoot admits the truth of each and every charge and allegation in Accusation No. AC-2012-40.

Business and Professions Code, Division 3, Chapter 1, §§ 5061 and 5100 (g). California Code of Regulations, Title 16, Division 1, § 56.

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via proposed decision.

Mr. Lindberg is required to reimburse the Board $7,344.30 for its investigation and prosecution costs.

Effective November 8, 2003

Mr. Lindberg was grossly negligent in the performance of the audit of the financial statements of Advanced Refrigeration Technologies, Inc. for the year ended December 31, 2000.

The auditor's report and the working papers prepared in support of the auditor's opinion failed to comply with applicable professional standards. Specifically, Mr. Lindberg's working papers failed to document that the audit was adequately planned, that he obtained an understanding of internal controls, and that he performed audit procedures that assessed the reasonableness of carrying values of receivables, inventory and patents.

The working papers failed to document Mr. Lindberg's consideration of audit risk and materiality. The financial statements failed to include disclosures required by generally accepted accounting principles related to patents, development stage companies, and accounting for income taxes.

Business and Professions Code, Division 3, Chapter 1, §§ 5062, 5100 (c) and (f). California Code of Regulations, Title 16, Division 1, § 58.

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via stipulated settlement.

Effective May 1, 1998

For purposes of settlement, Respondent admits that she was convicted on a plea of guilty for violating provisions of Title 18, United States Code, Section 371 (conspiracy), a felony, in the United States District Court for the Central District, entitled United States of America v. Patricia Linden.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a).

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via stipulated settlement.

Mr. Lloyd is required to reimburse the Board $4,177 for its investigation and prosecution costs prior to issuance of a new or reinstated license.

Effective June 17, 2007

Mr. Lloyd was convicted on a plea of guilty to one felony count of aiding and abetting in the preparation of a false and fraudulent tax return. The case, United States of America v. Max C. Lloyd, was filed in the United States District Court, District of Utah.

Mr. Lloyd failed to report his conviction to the Board.

Business and Professions Code, Division 3, Chapter 1, § 5063 and 5100 (a).

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via Decision after Non-Adoption of Proposed Decision.

Effective October 16, 2004

Mr. Lopez was disbarred from practice before the Internal Revenue Service. The facts, occurring in 1990 and underlying the imposition of this discipline, are that Mr. Lopez was found to have engaged in disreputable conduct by willfully participating in and counseling a client in an attempt to evade the payment of federal taxes.

Mr. Lopez neglected and refused to promptly submit and/or counseled a client to refuse to promptly submit records or information to the Internal Revenue Service.

Mr. Lopez engaged in disreputable conduct by attempting to influence the official action of an Internal Revenue Service official by the use of threats and coercion.

Mr. Lopez did not report to the California Board of Accountancy that he was disciplined by the New Mexico Public Board of Accountancy.

Business and Professions Code, Division 3, Chapter 1, §§ 5063 and 5100 (h).

Related Documents:

Accusation and Decision

Revocation stayed, with three years' probation, via stipulated settlement.

Mr. Lopez's license is suspended for 180 days.

Mr. Lopez shall maintain an active license status even during the period of suspension.

Mr. Lopez shall complete and provide proper documentation of 24 hours of continuing education courses.

Mr. Lopez shall take and pass with a score of 90 percent or better a Board-approved ethics course prior to resumption of practice after the period of suspension.

Mr. Lopez shall have supervised practice for audit, review or compilation engagements. Mr. Lopez shall pay the cost of monitoring.

Mr. Lopez is required to reimburse the Board $12,133.50 for its investigation and prosecution costs.

Other standard terms of probation.

Effective April 29, 2007

Also See:

Lopez & Lopez CPAs

Mr. Lopez was grossly negligent for issuing the compilation reports of Woodside Fund Corporation as of November 30, 2000, and 2001 that did not conform to professional standards. In addition, the reports were issued under the firm name of Lopez & Lopez CPAs (firm) while the firm was not registered with the Board.

Mr. Lopez practiced public accountancy while his permit was expired.

Mr. Lopez failed to complete 24 hours of accounting and auditing continuing education during the two-year renewal period during which he issued compilation reports and willfully made a false statement on his renewal for the period stating that he was not subject to the accounting and auditing continuing education requirements.

Mr. Lopez practiced under the partnership name of Lopez & Lopez CPAs prior to registration with the Board, subjecting both Mr. Lopez and the firm to discipline.

Business and Professions Code, Division 3, Chapter 1, §§ 498, 5050, 5060, 5062, 5072, and 5100, 5100 (b), (c), and (g). California Code of Regulations, Title 16, Division 1, §§ 5, 58, 63, 87, 89, and 94.

Related Documents:

Accusation and Decision

Revocation stayed with three years' probation, via stipulated settlement.

Mr. Lopez's license is suspended for 60 days.

Mr. Lopez shall at all times maintain an active license status with the CBA.

Mr. Lopez shall complete eight hours of ethics continuing education in addition to the ethics CE requirement for licensure.

Mr. Lopez is required to reimburse the CBA $9,000 for its investigation and prosecution costs.

Other standard terms of probation.

Effective October 28, 2011

Accusation No. AC-2010-17 alleges that in 2009, Mr. Lopez practiced without a valid permit and practiced using a firm name, L & L Accounting & Tax, which had not been registered with the CBA. Mr. Lopez was also in willful violation of the following CBA Regulations: 1) failure to notify the CBA in writing of his change of address, 2) failure to respond to CBA inquiries within 30 days, 3) failure to respond to a subpoena issued by the CBA, 4) failure to complete at least 80 hours of qualifying continuing education in the two year period immediately preceding license expiration, and 5) failure to complete a continuing education course on the provisions of the Accountancy Act and the Board of Accountancy Regulations along with other rules of professional conduct. Mr. Lopez admits the charges.

Business and Professions Code, Division 3, Chapter 1, § 5050(a), 5060(b), and 5100(g). California Code of Regulations, Title 16, Division 1, §§ 3, 52, 87, and 87.7.

Related Documents:

Accusation and Decision

Revocation stayed, with three years' probation, via stipulated settlement.

Mr. Lopez's license is suspended for 180 days.

Mr. Lopez shall maintain an active license status even during the period of suspension.

Mr. Lopez shall complete and provide proper documentation of 24 hours of continuing education courses.

Mr. Lopez shall take and pass with a score of 90 percent or better a Board-approved ethics course prior to resumption of practice after the period of suspension.

Mr. Lopez shall have supervised practice for audit, review or compilation engagements. Mr. Lopez shall pay the cost of monitoring.

Mr. Lopez is required to reimburse the Board $12,133.50 for its investigation and prosecution costs.

Other standard terms of probation.

Effective April 29, 2007

Also See:

Lopez, Anthony

Mr. Lopez was grossly negligent for issuing the compilation reports of Woodside Fund Corporation as of November 30, 2000, and 2001 that did not conform to professional standards. In addition, the reports were issued under the firm name of Lopez & Lopez CPAs (firm) while the firm was not registered with the Board.

Mr. Lopez practiced public accountancy while his permit was expired.

Mr. Lopez failed to complete 24 hours of accounting and auditing continuing education during the two-year renewal period during which he issued compilation reports and willfully made a false statement on his renewal for the period stating that he was not subject to the accounting and auditing continuing education requirements.

Mr. Lopez practiced under the partnership name of Lopez & Lopez CPAs prior to registration with the Board, subjecting both Mr. Lopez and the firm to discipline.

Business and Professions Code, Division 3, Chapter 1, §§ 498, 5050, 5060, 5062, 5072, and 5100, 5100 (b), (c), and (g). California Code of Regulations, Title 16, Division 1, §§ 5, 58, 63, 87, 89, and 94.

Related Documents:

Accusation and Decision

License revoked.

Effective December 1, 1994

On June 15, 1992, Respondent's certificate was revoked. Revocation was stayed with five years probation and 12 months suspension imposed, both to commence within the first 24 months after the effective date of the decision when Respondent qualified for re-entry to the practice of public accountancy. Failure to timely comply with said requirements for re-entry was cited as a basis for the automatic revocation of Respondent's license without further proceedings. Respondent has failed to comply with all requirements to re-enter the practice of public accountancy within the allowed twenty-four months from the effective date of the Decision and Order.

Failure to comply with the terms of the Board's disciplinary order.

Related Documents:

Accusation and Decision

Revocation of CPA Certificate, via default decision.

Effective January 6, 1999

While on probation, Mr. Lundblad violated the terms of his probation in that he failed to do the following: take and pass a Board-approved ethics course; pay four quarterly payments of $658 each; submit five quarterly reports; appear before the Administrative Committee on April 23, 1998; and cooperate with the Board of Accountancy.

Business and Professions Code, Division 3, Chapter 1, § 5100 (c).

Related Documents:

Accusation and Decision

Via stipulated settlement - Revocation of CPA Certificate.

Revocation stayed with three years' probation. Probation terms to include: Completion of the Ethics Exam, reimbursement to the Board of investigative costs, and other standard terms of probation.

Effective November 4, 1996

On April 15, 1996, an accusation was filed against Gerald Thomas Lundblad alleging that he had failed to prepare annual returns, Form 990, for his client for 1989, 1990, 1991, and 1992. Further, the accusation alleged the licensee was dishonest with his client in that he repeatedly assured his client that levies by the IRS in 1991 and 1992 were the result of an incorrect tax identification number, when the levies were the result of a failure to file payroll tax returns and year end forms 990. Respondent was further charged with retention of client records and practice of public accounting with a delinquent license.

Via the stipulation for settlement, Gerald Lundblad admits to the above violations.

Business and Professions Code, Division 3, Chapter 1, §§ 5037(b), 5050, 5055, 5100(c) and (f). California Code of Regulations, Title 16, Division 1, § 68.