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Activity Review North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Road, Suite 104, Post Office Box 12827, Raleigh, NC 27605- 2827 ( 919) 733- 4222 No. 4 2001 Inside this issue... Board Meetings ............................... 7 Certificates Issued .......................... 5 Cheating on the Exam .................... 6 Commissions & Referral Fees ....... 5 CPEMARKET. COM ....................... 7 Disciplinary Actions....................... 2 May 2001 Exam Schedule.............. 6 Notice of Address Change ............ 8 Policy on Cheating ......................... 6 Reclassifications .............................. 4 Top November Exam Grades ....... 7 www. state. nc. us/ cpabd Baldwin Nominated as NASBA Vice Chair On March 6, 2001, David A. Costello, CPA, President and CEO of the Na-tional Association of State Boards of Accountancy ( NASBA), announced that Barton W. Baldwin, CPA, a mem-ber of the North Carolina State Board of CPA Examiners, has been selected by NASBA’s Nominating Committee as its nominee for NASBA Vice Chair 2001- 2002. If elected, Baldwin will serve as Vice Chair in 2001- 2002 and will accede to Chair in 2002- 2003. He is currently serving on the NASBA Board of Direc-tors as a Director- at- Large. Baldwin’s service to NASBA in-cludes serving on the Board of Direc-tors, Middle- Atlantic Regional Direc-tor, 1995- 1997; Relations with Member Boards Committee, 1995- 1997 ( Chair 1996- 1997); Administration and Finance Committee, 1995- 1997 ( Chair 1997- 1999); Task Force on Expense Reim-bursement, 1995- 1997 ( Chair 1997); In-vestment Committee, 1995- 1997 ( Chair 1997- 1999); Joint Committee Proposal- Strategic Planning Group for Imple-mentation, 1997; Treasurer, 1997- 1999; Uniform Accountancy Act Committee, 1999- 2001 ( Chair 1999- 2001); Task Force on Attest Experience, 1999- 2001; and Task Force on Peer Review Adminis-tration, 2000. In addition to his service to NASBA, Baldwin has served the American Insti-tute of CPAs ( AICPA) as a member of the Governing Council ( appointed), 1988- 1989; State Legislation Commit-tee ( Area II Sub- Committee), 1988- 1993; State Legislation Committee, 1991- 1993; Governing Council ( elected), 1991- 1994; and Quality Review Executive Com-mittee, 1993- 1996. Baldwin, who is Managing Partner of Baldwin and Hodge, LLP, a CPA firm with offices in Clinton, Mount Ol-ive, and Raleigh, was appointed to the NC State Board of CPA Examiners in 1994 by Governor James B. Hunt, Jr. Governor Hunt reappointed Baldwin to the Board in 1997 and again in 2000. Baldwin has served the Board as Chair of the Professional Standards Committee, 1994 - present; Vice Presi-dent of the Board, 1994- 1996; and as a Member of the Personnel Committee, 1994- 1997. An active member of the North Carolina Association of CPAs ( NCACPA) for many years, Baldwin served as President, 1989- 1990; and was a member of the Board of Directors, 1985- 1991; and a member of the Execu-tive Committee, 1987- 1991. In the period between 1977 and 1995, Baldwin served on numerous NCACPA committees, including the Ethics Committee; Budget Committee; Building Committee; Continuing Pro-fessional Education Committee; Gov-ernmental Affairs and Legislation Com- Baldwin continued on page 7 2 THIS CAUSE coming before the Board at its offices at 1101 Oberlin Road, Ra-leigh, Wake County, North Carolina, at public hearing, with a quorum present, the Board finds, based on the evidence presented at the hearing on February 19, 2001, that: FINDINGS OF FACT 1. The hearing notice was served by certified mail and received by Appli-cant at least fifteen ( 15) days prior to the hearing. 2. Respondent was present at the hear-ing and was not represented by coun-sel. 3. Respondent was the holder of a certificate as a Certified Public Accoun-tant in North Carolina and is therefore subject to the provisions of Chapter 93 of the North Carolina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Caro-lina Administrative Code ( NCAC), in-cluding the Rules of Professional Eth-ics and Conduct promulgated and adopted therein by the Board. 4. The matter is before the Board upon application by Applicant for modifica-tion of discipline pursuant to 21 NCAC 8I .0104. 5. In a letter dated September 8, 1995, which was received by the Board office on September 21, 1995, Applicant ad-vised the Board that she had advanced herself $ 4,486.67 from the bank account of the CPA firm in which she was a partner. Further, she informed the Board that she was unable to repay the funds and surrendered her certificate. 6. Applicant’s misappropriation of funds from the CPA firm was a viola-tion of NCGS 93- 12( 9) and 21 NCAC 8N .0203. 7. Pursuant to a Consent Order, the Certified Public Accountant certificate issued to Applicant was permanently revoked effective October 23, 1995. 8. In support of her request for modifi-cation of discipline, Applicant charac-terized her misappropriations as the acts of an individual who was de-pressed and financially desperate. Applicant does not appear to express a genuine sense of remorse in regard to her wrongdoing. 9. Despite Applicant’s claim that she has remorse for her wrongdoing, she has never apologized to her former partners. Instead, as recently as No-vember of 2000, Applicant has contin-ued to place blame on her partners’ “ lack of support.” 10. Despite Applicant’s claim that she has been completely rehabilitated, as recently as November 2000, she has been less than candid in her descrip-tion of events. For example, Applicant wrote in her request for modification of discipline that she got her “ life back on track” in 1996 because she took “ over $ 50,000.00 worth of [ her] former cli-ents” to the firm of her new employer. However, Applicant failed to disclose in her letter to the Board: ( a) that her partners agreed to pay her $ 26,616.49 over a term of five ( 5) years. That amount was premised upon a buy- sell agreement that would have been reduced by a factor of the “ over $ 50,000.00 worth of [ her] former cli-ents;” ( b) that in April of 1995 she assigned the note from her former partners to her new employer; and ( c) that about one month later she filed for bankruptcy. 11. In light of her recent lack of candor, Applicant has not presented persua-sive evidence that she has been “ com-pletely rehabilitated.” CONCLUSIONS OF LAW 1. The Hearing was duly noticed pur-suant to NCGS 150B- 38( b)( c) and 21 NCAC 8C. 0103 and conducted with a quorum of Board members and all necessary parties present. 2. Since the discipline in this case was determined by consent to be perma-nent revocation, pursuant to 21 NCAC 8I .0104, the burden of estab-lishing a justification for modifying the earlier discipline is upon the applicant. 3. Pursuant to 21 NCAC 8I .0104( d), the Board may consider not only Applicant’s post discipline conduct, but also “ the offense for which the appli-cant was disciplined” as well as “ the applicant’s activities during the time the applicant was in good standing.” 4. Misappropriation of funds belong-ing to a client or to ones own CPA firm strikes at the heart of the “ good moral character” that is required of all Certi-fied Public Accountants by NCGS 93- 12( 5). 5. Additionally, in light of Applicant’s apparent lack of remorse, Applicant did not carry her burden of showing that she is “ completely rehabilitated” as required by 21 NCAC 8I .0104( c). BASED ON THE FOREGOING, the Board orders in a vote of five ( 5) to zero ( 0) that: 1. Lee Marshburn Dineen’s applica-tion for modification of discipline is denied. Lee Marshburn Dineen Wilmington, NC 2/ 19/ 01 Disciplinary Actions THIS CAUSE, coming before the Board at its offices at 1101 Oberlin Road, Ra-leigh, Wake County, North Carolina, with a quorum present. Pursuant to NCGS 150B- 41 and 150B- 22, the Board and Respondent stipulate the follow-ing Findings: 1. Respondent is the holder of North Carolina certificate number 23131 as a Certified Public Accountant. 2. Respondent, on his 1998- 99 indi-vidual license renewal, indicated that he was employed by Padgett Business Services, a non- CPA firm. 3. Respondent prepared, as an indi-vidual practitioner, an audited finan-cial statement for a client to submit with the client’s general contractors Terry Mason Smith # 23131 Wilmington, NC 3/ 16/ 01 3 license application to the North Caro-lina General Contractors Board. 4. Respondent failed to comply with generally accepted accounting prin-ciples and generally accepted auditing standards in preparing said audit. 5. Prior to Board staff corresponding with Respondent regarding said audit, Respondent had not filed either firm or state quality review ( SQR) registrations with the Board. 6. On January 2, 2001, the Board office received initial firm and SQR registra-tions in the firm name of Terry M. Smith, Certified Public Ac-countant. 7. Respondent wishes to resolve this matter by consent and agrees that the Board staff and counsel may discuss this Order with the Board ex parte, whether or not the Board accepts this Order as written. BASED UPON THE FOREGOING, the Board makes the following Conclusions of Law: 1. Respondent is subject to the provi-sions of Chapter 93 of the North Caro-lina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Caro-lina Administrative Code ( NCAC), in-cluding the Rules of Professional Eth-ics and Conduct promulgated and adopted therein by the Board. 2. Respondent’s actions as set out above constitute violations of NCGS 93- 12( 7b), NCGS 93- 12( 8c), and NCGS 93- 12( 9) e and 21 NCAC 8J .0108, 21 NCAC 8M .0102, 8N .0209, 8N .0302( a), and 8N .0403. BASED ON THE FOREGOING and in lieu of further proceedings under 21 NCAC Chapter 8C, the Board and Respondent agree to the following Or-der: 1. Respondent is censured. 2. Respondent’s license shall be sus-pended for thirty ( 30) days from the date this Order is approved by the Board; however, said suspension is stayed. 3. As a condition of the stay of his suspension, Respondent shall be on probation, shall comply with the terms of this Order, and shall violate no ac-countancy statutes or rules for two ( 2) years from the date this Order is ap-proved by the Board. 4. Respondent shall pay a one thou-sand dollar ($ 1,000.00) civil penalty to be remitted with this signed Order. 5. Respondent must obtain a peer re-view regarding the time period No-vember 1997 through November 1999 to be completed by September 30, 2002. 6. Respondent’s second peer review regarding the time period November 1999 through November 2002, which should have been completed by De-cember 31, 2002, shall be completed by March 31, 2003, and Respondent must obtain an unqualified opinion for this peer review. 7. Respondent must complete, prior to December 31, 2001, and provide verifi-cation of his completion of sixteen ( 16) hours of continuing professional edu-cation ( CPE) in the areas of accounting and auditing. Said CPE may not be used to meet Respondent’s annual forty ( 40) hour requirement. 8. Respondent agrees that failure to timely comply with any terms of this Order or with all accountancy statutes and rules during the two ( 2) year pro-bationary period shall be deemed suf-ficient grounds for active imposition of the thirty ( 30) day suspension of Respondent’s license in addition to any other discipline as assessed for the fu-ture violation. 9. Respondent agrees to cooperate at all times with the Board in the supervi-sion and investigation of compliance with this settlement agreement and agrees to make all files, records, or other documents available immediately upon the demand of the Board. www. state. nc. us/ cpabd Chet Milton Williams # 16908 Zebulon, NC 3/ 16/ 01 THIS CAUSE coming before the Board on March 16, 2001, at its offices at 1101 Oberlin Road, Raleigh, Wake County, North Carolina, with a quorum present, the Board finds, based on the clear and convincing evidence, that: FINDINGS OF FACT 1. Respondent is the holder of a certifi-cate as a Certified Public Accountant in North Carolina and the subject of a prior Consent Order. 2. On December 20, 1999, the Board entered into a Consent Order with Re-spondent ( Exhibit 1). 3. The Consent Order provided that Respondent obtain “ a peer review to be completed before December 31, 2000.” 4. Respondent failed to obtain and complete a peer review prior to De-cember 31, 2000. 5. In a January 24, 2001, response to a request for information, Respondent stated since he has not provided ser-vices to the client since early 2000 he saw “ no reason to remain registered as a firm as well as undergo peer review.” CONCLUSIONS OF LAW 1. Respondent is subject to the provi-sions of Chapter 93 of the North Caro-lina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Carolina Administrative Code ( NCAC), includ-ing the Rules of Professional Ethics and Conduct promulgated and adopted therein by the Board. 2. Respondent failed to timely comply with the December 20, 1999, Consent Order. 3. Respondent’s failure to comply with the terms of the Consent Order is a violation of NCGS 93- 12( 9) e and 21 NCAC 8N .0203( b)( 3). BASED ON THE FOREGOING, the Williams continued on page 4 4 Board orders in a vote of seven ( 7) to zero ( 0) that: 1. Respondent’s certificate is sus-pended for thirty ( 30) days. 2. If Respondent fails to return his suspended certificate within fifteen ( 15) days of the receipt of this Order, the thirty ( 30) day suspension will be ex-tended by the number of days that his certificate is late in being returned to the Board office. 3. If Respondent returns his suspended certificate within fifteen ( 15) days of the receipt of this Order, Respondent can apply to return his certificate to active status by submission and ap-proval of a reissuance application which includes: a. Application form, b. Payment of the application fee, c. Three ( 3) moral character affidavits, and d. Forty ( 40) hours of CPE in the twelve ( 12) months preceding the application including an eight ( 8) hour accoun-tancy law course pursuant to 21 NCAC 8F .0504. 4. If Respondent returns his suspended certificate in excess of fifteen ( 15) days of the receipt of this Order, Respon-dent can, after at least thirty ( 30) days, apply to return his certificate to active status by submission and approval of a reissuance application which includes: a. Application form, b. Payment of the application fee, c. Three ( 3) moral character affidavits ( on forms provided by Board), d. Forty ( 40) hours of CPE in the twelve ( 12) months preceding the application including an eight ( 8) hour accoun-tancy law course pursuant to 21 NCAC 8F .0504, and e. Consent Order requiring payment of at least $ 100.00 in administrative costs. Williams from page 3 Inactive “ Inactive,” when used to refer to the status of a person, describes one who has requested inactive status and been approved by the Board and who does not use the title “ certified public accountant” or does he or she allow anyone to refer to him or her as a “ certified public accountant” and neither he or she nor anyone else refers to him or her in any representation as described in 21 NCAC 8A .0308( b) [ 21 NCAC 8A .0301( b)( 23)]. 02/ 22/ 01 Courtney Sharp Jones Durham, NC 02/ 23/ 01 Lester V. Hankes, Jr. Marietta, GA 02/ 23/ 01 Leslie Tart Roth Sanford, NC 02/ 26/ 01 Bertrand Charles Welch Cornelius, NC 02/ 26/ 01 Hugh Douglas Helms Cedar Point, NC 02/ 26/ 01 David Charles Sutton Greenville, SC 02/ 26/ 01 Donna Millsaps Lee Greensboro, NC 02/ 26/ 01 Lisa Lambert Brown Fishers, IN 02/ 26/ 01 Kendra Beveridge BoyleRaleigh, NC 02/ 26/ 01 Richard K. Wood, Jr. Midlothian, VA 02/ 26/ 01 Steven Randall Harrell Bethel, NC 02/ 27/ 01 Alka K. Singh New York, NY 02/ 27/ 01 Stacy Saladin Wooten Thomasville, NC 02/ 27/ 01 Sheri Ellen Bitterman Bismarch, ND 03/ 01/ 01 Marcella Wallace Schumacher Reston, VA 03/ 05/ 01 Lisa Havran McKissick Cary, NC 03/ 05/ 01 Kristine Knighton Wahr New York, NY 03/ 06/ 01 Barry Louis Gutfeld Washington, NC 03/ 08/ 01 Pamela Sue Smith Hemphill Greensboro, NC 03/ 08/ 01 June P. Decker Raleigh, NC 03/ 08/ 01 Jonathan David Ingram Atlanta, GA 03/ 09/ 01 Thomas Allison Carter Winston- Salem, NC 03/ 13/ 01 Joseph Earl Jenkins Greensboro, NC 03/ 16/ 01 Sally Walsh Manion Geneva, NY 03/ 20/ 01 Ginger Grubb Powell High Point, NC 03/ 20/ 01 Angela Denys Briggs Winter Springs, FL 03/ 21/ 01 Barbara J. Rosengrant Mooresville, NC 03/ 23/ 01 Angela Coates Brown Greer, SC 03/ 23/ 01 Laura Lynn Bibighaus Houston, TX Reclassifications Retired “ Retired,” when used to refer to the status of a person, describes one possess-ing a North Carolina certificate of qualification who verifies to the Board that the applicant does not receive or intend to receive in the future any earned compensation for current personal services in any job whatsoever and will not return to active status [ 21 NCAC 8A .0301( b)( 23)]. 03/ 16/ 01 Virgil D. Allen Bullock, NC 03/ 16/ 01 James Harston Creech, Jr. Randleman, NC 03/ 16/ 01 Angelo B. Santolla Land O’ Lakes, FL 03/ 16/ 01 Charles G. Stricklen Greensboro, NC Reinstatements 03/ 16/ 01 Michael Scott Traflet Wilmington, NC 03/ 16/ 01 Richard Eugene Woolen Charlotte, NC 5 Q. Can I accept a commission or referral fee from an audit or review client? A. Pursuant to 21 NCAC 8N .0303( c), a CPA shall not for a commission recommend or refer to a client any product or service, or for a commis-sion recommend or refer any prod-uct or service to be supplied by a client, or receive a commission when the CPA also performs for that client an audit or review of a financial statement. In addition, a CPA or firm can-not receive a commission or referral fee from an audit or review client indirectly through another firm, al-ternative business structure, or af-filiated company. This includes as-set management fees, which for the purposes of this rule, the Board con-siders commissions. A CPA may receive a commis-sion or referral fee from a client to whom the CPA provides a compila-tion of a financial statement only when the CPA expects, or reason-ably might expect, that a third party will not use the financial statement or if the compilation report prepared by the CPA discloses a lack of inde-pendence. The prohibition of commissions and referral fees applies during the period in which the CPA or firm is engaged to perform the services, as well as the period covered by the historical financial statements in-volved in the services. Pursuant to 21 NCAC 8N .0303( e), a CPA, when accepting a commis-sion, referral fee, or contingent fee, shall provide the client with a writ-ten disclosure regarding the service or product to be rendered or re-ferred with the commission, referral fee, or contingent fee, to be charged or received. If you have questions regarding commissions or referral fees, please contact Robert N. Brooks, the Board’s Executive Director, by telephone at ( 919) 733- 4222. Commissions and Referral Fees Certificates Issued The following certificate applications were approved at the March 16, 2001, Board meeting: Hosam Mahmoud Abdulkareem Jill Aikens Tracey Hill Allen Amy Louise Almond Sonal T. Amin Deborah Lynn Anthony Stanley Matthew Babicz David Everett Bainbridge Patrick A. Beach Jamie Helen Begor Diane Marie Bognich Ronald Eugene Bonds Esther Judith Bredell Christopher John Bundros Christine M. Callihan Jay Sprott Carter Jeffrey Glenn Causey Jacintha Civiello Nathan Phillip Clark Ann Nickell Comer Randy V. Cook Keith Darin Covington Amanda Michelle Croston Addie Deloris Cuthbertson Michael Francis DeFalco Penny L. Dierickx Pamela Pearson Dodge David Burgess Downing Marcel Lamont Drayton Edward Travis Elrod, Jr. Elsa Marie Fairbank Tobi Smith Fess Keith M. Feuz Brandy Tenille Fleming Terri D. Fleming Elizabeth Lamb Fluharty Sherry Dean Folkestad Bridget A. Foster Martha Boyette Gaines Christopher Robert Gebbia Marsha L. Gregory Diane B. Griffin Thomas Reid Griffin Stephen Mark Hannah Brian Christopher Harhai Susan Lambert Hart Wendi Michele- Wise Heglar Paul Francis Heinrichs John Stockton Hobart Amy Underhill Holding April Christine Horvath John Benjamin Huggins Craig Michael Ihle Yvonne Alane Jacobs Lonnie Dave Joyce Jon Eric Kea Jennifer King Joseph Markis Kledis George Matthew Knab Kelli Ann Koonsman Nola M. Lawson Hugh Geoffrey Lemonds Derek Martin Lewis Robert Craig Lowder Tracy Elizabeth Maggi Charles M. Malone, Jr. Joy Caroline Mathis Mirit Michaels Lori A. Miller James Clarke Murphy, Jr. Timothy Scott Nash Brian Charles Nay Jeri Spencer Nelson Danny S. Nethken Thomas Lafayette Pender, Jr. Susan Lynne Phares- Aldrich Daphne Haith Pinchback James P. Revels Rene Richard Rice John Joseph Riedel, Jr. Andrew Jay Robinson Michael B. Rowe, Jr. Maureen M. Schirtzinger Eileen L. Schneider Donald Craig Schroder Karen Leslie Schroth Laura L. Seery Robin Linda Shoemaker Manoma Sirisena Amie Alley Snell Derrick Lamarr Steele Michael Tarter Suthers Janelle Harris Thomas Elizabeth Anne Turk Marjorie F. Vesey Joseph Michael Von Dauber Vera Elizabeth Watson Theresa P. Welch Daniel P. Zalomek Liqin Zhu 6 All Uniform CPA Examination can-didates sitting for the exam in North Carolina are required to sign the following statement on cheating: “ Any individual found to have engaged in conduct which subverts or attempts to subvert the accoun-tancy licensing examination process may, at the discretion of the Board, have his or her scores on the licens-ing examination withheld and/ or declared invalid, be disqualified from holding the CPA certification, and/ or be subject to the imposition of other appropriate sanctions. Conduct which subverts or at-tempts to subvert the accountancy licensing examination process in-cludes, but is not limited to: ( 1) Conduct which violates the standards of test administration, such as communicating with any other candidate during the admin-istration of the licensing examina-tion; copying answers from another candidate or permitting one’s an-swers to be copied by another candi-date during the administration of the licensing examination; having in one’s possession during the ad-ministration of the licensing exami-nation any books, notes, written or printed materials or data of any kind, other than the examination materi-als distributed. ( 2) Conduct which violates the credentialing process, such as falsi-fying or misrepresenting educa-tional credentials or other informa-tion required for admission to the licensing examination; impersonat-ing a candidate or having an imper-sonator take the licensing examina-tion on another’s behalf. I have read and do understand this policy of the Board. I agree to comply with all written rules and instructions given during the ad-ministration of this examination.” Board Policy on Cheating Business Law & Professional Responsibilities ( LPR) Wednesday, May 2, 2001 9: 00 a. m. - 12: 00 noon Auditing ( AUD) Wednesday, May 2, 2001 1: 30 p. m. - 6: 00 p. m. Accounting & Reporting ( ARE) Thursday, May 3, 2001 8: 30 a. m. - 12: 00 noon Financial Accounting & Reporting ( FARE) Thursday, May 3, 2001 1: 30 p. m. - 6: 00 p. m. Uniform CPA Exam Schedule The May 2001 Uniform CPA Examination will be administered at the Raleigh Convention and Conference Center in Raleigh and the Benton Convention Center in Winston- Salem. The schedule is as follows: The North Carolina State Board of CPA Examiners and the American Institute of CPAs Board of Examiners ( AICPA BOE) regard cheating on the Uniform CPA Examination as a serious offense. The Board and the AICPA BOE use a variety of tools and procedures to prevent candidates from cheating on the examination. Proctors are trained to watch for unusual or suspicious behavior and incidents during the examination and to document the occurrence of any unusual activity. Some actions that may be con-sidered cheating include: • falsifying credentials; • copying answers from an-other candidate during the exam; • helping another candidate during the exam; • using unauthorized materi-als during the exam; • unauthorized communica-tion with an individual, in or out of the exam site, during the exam; • taking written materials, notes, etc., into or out of the exam site; and • divulging exam information in violation of the nondisclosed exam policies. In addition, during the grading pro-cess, the AICPA Advisory Grading Ser-vice instructs graders to report all cases of unusually similar responses. After grading is complete, the Ad-visory Grading Service compiles a re-port, the “ 90% Similarity Report,” which identifies candidates whose pat-terns of answers are unusually similar and forwards the report to the Board. The Board may use this report to support an existing investigation into possible cheating or to initiate such an investigation. 21 NCAC 8F .0111, Ineligibility due to Violation of Accountancy Act, states, “ a person may not be eligible to take the CPA examination or receive the North Carolina certificate of qualifica-tion as a CPA if the Board determines that the person has engaged in conduct that would constitute violation of Gen-eral Statutes Chapter 93 or the Rules of Professional Ethics and Conduct.” If the Board determines that a can-didate has cheated, the candidate will be subject to a variety of penalties, including, but not limited to, invalida-tion of grades and disqualification from subsequent exam administrations. In cases where cheating is discov-ered after a candidate has obtained his or her CPA certificate, the Board may permanently revoke the certificate. Cheating on the Uniform CPA Examination 77 mittee; Long- Range Planning Commit-tee; Nominating Committee ( Chair); Personnel Committee ( Chair); Quality Review Executive Committee; and the Taxation Committee. In 1998, Baldwin received the NCACPA’s “ Raymond Rains Award for Outstanding Service to the Profes-sion.” The award is presented annually to the NCACPA member who best ex-emplifies the mission of the NCACPA through his or her continued outstand-ing service to the NCACPA. Baldwin is married to Brenda S. Baldwin, and has two children— Nicole McCoy, a graduate student at Wake Forest University; and Whit Baldwin, a student at Florida State University. Baldwin from front The National Association of State Boards of Accountancy ( NASBA) re-cently launched CPEMARKET. COM ( www. cpemarket. com) , an on- line da-tabase of continuing professional edu-cation ( CPE) course listings that can be searched according to specific criteria, such as credit hours, location, subject area, date, and course format. Yordanos Burney, Director of Com-pliance Services for NASBA, says CPEMARKET. COM grew out of a need to provide individuals who must ob-tain continuing education credits to maintain or renew a professional li-cense with a managed list of CPE courses. “ Although NASBA provides two continuing education- related ser-vices— the National Registry of CPE Sponsors and the Quality Assurance Service ( QAS)— to state boards of ac-countancy and their licensees, these services do not provide the means for an individual to find a specific CPE course which meets his or her needs, and NASBA is not in a position to recommend a specific provider or a specific course to an individual,” ex-plains Burney. “ With CPEMARKET. COM, an in-dividual can search a massive data-base of course offerings to find the exact course he or she needs to meet the complex CPE requirements of his or her licensing board.” CPEMARKET. COM, which is free to all individuals seeking CPE course information, also includes information on state- mandated CPE requirements. For additional information regard-ing CPEMARKET. COM, please con-tact NASBA by telephone at ( 615) 880- 4200 or by e- mail at ( cpemarket@ nasba. org). NASBA Launches CPEMARKET. COM Top Scorers for November 2000 Exam In 1982, the North Carolina CPA Foun-dation, Inc., undertook sponsorship of the “ Katherine Guthrie Memorial Awards, the semi- annual awards given to the three North Carolina candidates with the highest total grades on the Uniform CPA Examination. To be eligible for the awards, a candidate must sit for all four parts of the exam and must attain a score of at least 80 on each section of the exam. Kristin Simeone, an initial candi-date, is North Carolina’s highest scor-ing candidate on the November 2000 exam. A Fixed Asset Accountant with Arthur Andersen in Sarasota, Florida, Simeone received a Bachelor of Science in Business Administration from Bryant College in 1993. North Carolina’s second highest scoring candidate is Richard A. Pelak, who received a Bachelor of Science in Economics from the State University of New York at Binghamton, in 1992. Pelak, who received a Juris Doctor from the University of North Carolina at Chapel Hill in 1995, is employed as a Tax Consultant with Culp, Elliott & Carpenter, P. L. L. C, in Charlotte. Ezequiel Ladron de Guevara and Keir Majarrez, who achieved the same total score on the November 2000 exam, share the distinction of being North Carolina’s third highest scoring candi-date. Ladron de Guevera, a Staff Assis-tant with KPMG in Miami, Florida, graduated cum laude from Florida In-ternational University with a Bachelor of Accounting in April 2000. He is cur-rently pursuing a Masters degree. Majarrez, also a cum laude gradu-ate, received a Bachelor of Science in Accounting from the College of Charleston in December 1999. He is employed as an Associate with PricewaterhouseCoopers, LLP, in Ra-leigh. If you wish to address the Board regarding a specific issue, please con-tact Robert N. Brooks, the Board’s Executive Director, by telephone at ( 919) 733- 4222 or via e- mail ( rnbrooks@ bellsouth. net) at least two weeks prior to the meeting date. May 21 June 25 July 23 August 20 September 18 October 22 November 19 December 18 Board Meetings Do you have questions or comments about the Activity Review? If so, please contact Lisa R. Hearne, Com-munications Manager, by telephone at ( 919) 733- 4208 or by e- mail at ( lhearne@ bellsouth. net). Comments? Certificate No. Send Mail to Home Business New Home Address City State Zip CPA Firm/ Business Name New Bus. Address City State Zip Telephone: Bus. ( ) Home ( ) Bus. fax ( ) E- mail address Certificate Holder Last name Jr./ III First Middle North Carolina State Board of Certified Public Accountant Examiners Post Office Box 12827 Raleigh NC 27605- 2827 PRST STD US Postage PAID Greensboro, NC Permit No. 393 21,000 copies of this document were printed for this agency at a cost of $ 2,758.29 or 13¢ per copy in April 2001. Certificate holders not notifying the Board in writing within 30 days of any change in address or business location may be subject to disciplinary action under 21 NCAC 8J .0107. Address Change? Let Us Know! Signature Date Mail to: NC State Board of Fax to: ( 919) 733- 4209 CPA Examiners Attn: Licensing PO Box 12827 or Raleigh, NC 27605- 2827 Examinations State Board of CPA Examiners Board Members R. Stanley Vaughan, CPA President, Charlotte O. Charlie Chewning, Jr., CPA Vice President, Raleigh Michael H. Wray Secretary- Treasurer, Gaston Barton W. Baldwin, CPA Member, Mount Olive Norwood G. Clark, Jr., CPA Member, Raleigh Scott L. Cox, CPCU, CIC Member, Charlotte Walter C. Davenport, CPA Member, Raleigh Staff Executive Director Robert N. Brooks Legal Counsel Noel L. Allen, Esq. Administrative Services Felecia F. Ashe Communications Lisa R. Hearne, Manager Examinations Judith E. Macomber, Manager Phyllis W. Elliott Licensing Buck Winslow, Manager Alice G. Steckenrider Lynn Wyatt Professional Standards Ann J. Hinkle, Manager JoAnne Burch Jo Gaskill Receptionist Karen Carlile Don’t forget... certificate renewal deadline is June 30
Object Description
Description
Title | Activity review |
Date | 2001-04 |
Description | No.4, 2001 (April) |
Digital Characteristics-A | 184 KB; 8 p. |
Digital Format |
application/pdf |
Pres Local File Path-M | \Preservation_content\StatePubs\pubs_borndigital\images_master\ |
Full Text | Activity Review North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Road, Suite 104, Post Office Box 12827, Raleigh, NC 27605- 2827 ( 919) 733- 4222 No. 4 2001 Inside this issue... Board Meetings ............................... 7 Certificates Issued .......................... 5 Cheating on the Exam .................... 6 Commissions & Referral Fees ....... 5 CPEMARKET. COM ....................... 7 Disciplinary Actions....................... 2 May 2001 Exam Schedule.............. 6 Notice of Address Change ............ 8 Policy on Cheating ......................... 6 Reclassifications .............................. 4 Top November Exam Grades ....... 7 www. state. nc. us/ cpabd Baldwin Nominated as NASBA Vice Chair On March 6, 2001, David A. Costello, CPA, President and CEO of the Na-tional Association of State Boards of Accountancy ( NASBA), announced that Barton W. Baldwin, CPA, a mem-ber of the North Carolina State Board of CPA Examiners, has been selected by NASBA’s Nominating Committee as its nominee for NASBA Vice Chair 2001- 2002. If elected, Baldwin will serve as Vice Chair in 2001- 2002 and will accede to Chair in 2002- 2003. He is currently serving on the NASBA Board of Direc-tors as a Director- at- Large. Baldwin’s service to NASBA in-cludes serving on the Board of Direc-tors, Middle- Atlantic Regional Direc-tor, 1995- 1997; Relations with Member Boards Committee, 1995- 1997 ( Chair 1996- 1997); Administration and Finance Committee, 1995- 1997 ( Chair 1997- 1999); Task Force on Expense Reim-bursement, 1995- 1997 ( Chair 1997); In-vestment Committee, 1995- 1997 ( Chair 1997- 1999); Joint Committee Proposal- Strategic Planning Group for Imple-mentation, 1997; Treasurer, 1997- 1999; Uniform Accountancy Act Committee, 1999- 2001 ( Chair 1999- 2001); Task Force on Attest Experience, 1999- 2001; and Task Force on Peer Review Adminis-tration, 2000. In addition to his service to NASBA, Baldwin has served the American Insti-tute of CPAs ( AICPA) as a member of the Governing Council ( appointed), 1988- 1989; State Legislation Commit-tee ( Area II Sub- Committee), 1988- 1993; State Legislation Committee, 1991- 1993; Governing Council ( elected), 1991- 1994; and Quality Review Executive Com-mittee, 1993- 1996. Baldwin, who is Managing Partner of Baldwin and Hodge, LLP, a CPA firm with offices in Clinton, Mount Ol-ive, and Raleigh, was appointed to the NC State Board of CPA Examiners in 1994 by Governor James B. Hunt, Jr. Governor Hunt reappointed Baldwin to the Board in 1997 and again in 2000. Baldwin has served the Board as Chair of the Professional Standards Committee, 1994 - present; Vice Presi-dent of the Board, 1994- 1996; and as a Member of the Personnel Committee, 1994- 1997. An active member of the North Carolina Association of CPAs ( NCACPA) for many years, Baldwin served as President, 1989- 1990; and was a member of the Board of Directors, 1985- 1991; and a member of the Execu-tive Committee, 1987- 1991. In the period between 1977 and 1995, Baldwin served on numerous NCACPA committees, including the Ethics Committee; Budget Committee; Building Committee; Continuing Pro-fessional Education Committee; Gov-ernmental Affairs and Legislation Com- Baldwin continued on page 7 2 THIS CAUSE coming before the Board at its offices at 1101 Oberlin Road, Ra-leigh, Wake County, North Carolina, at public hearing, with a quorum present, the Board finds, based on the evidence presented at the hearing on February 19, 2001, that: FINDINGS OF FACT 1. The hearing notice was served by certified mail and received by Appli-cant at least fifteen ( 15) days prior to the hearing. 2. Respondent was present at the hear-ing and was not represented by coun-sel. 3. Respondent was the holder of a certificate as a Certified Public Accoun-tant in North Carolina and is therefore subject to the provisions of Chapter 93 of the North Carolina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Caro-lina Administrative Code ( NCAC), in-cluding the Rules of Professional Eth-ics and Conduct promulgated and adopted therein by the Board. 4. The matter is before the Board upon application by Applicant for modifica-tion of discipline pursuant to 21 NCAC 8I .0104. 5. In a letter dated September 8, 1995, which was received by the Board office on September 21, 1995, Applicant ad-vised the Board that she had advanced herself $ 4,486.67 from the bank account of the CPA firm in which she was a partner. Further, she informed the Board that she was unable to repay the funds and surrendered her certificate. 6. Applicant’s misappropriation of funds from the CPA firm was a viola-tion of NCGS 93- 12( 9) and 21 NCAC 8N .0203. 7. Pursuant to a Consent Order, the Certified Public Accountant certificate issued to Applicant was permanently revoked effective October 23, 1995. 8. In support of her request for modifi-cation of discipline, Applicant charac-terized her misappropriations as the acts of an individual who was de-pressed and financially desperate. Applicant does not appear to express a genuine sense of remorse in regard to her wrongdoing. 9. Despite Applicant’s claim that she has remorse for her wrongdoing, she has never apologized to her former partners. Instead, as recently as No-vember of 2000, Applicant has contin-ued to place blame on her partners’ “ lack of support.” 10. Despite Applicant’s claim that she has been completely rehabilitated, as recently as November 2000, she has been less than candid in her descrip-tion of events. For example, Applicant wrote in her request for modification of discipline that she got her “ life back on track” in 1996 because she took “ over $ 50,000.00 worth of [ her] former cli-ents” to the firm of her new employer. However, Applicant failed to disclose in her letter to the Board: ( a) that her partners agreed to pay her $ 26,616.49 over a term of five ( 5) years. That amount was premised upon a buy- sell agreement that would have been reduced by a factor of the “ over $ 50,000.00 worth of [ her] former cli-ents;” ( b) that in April of 1995 she assigned the note from her former partners to her new employer; and ( c) that about one month later she filed for bankruptcy. 11. In light of her recent lack of candor, Applicant has not presented persua-sive evidence that she has been “ com-pletely rehabilitated.” CONCLUSIONS OF LAW 1. The Hearing was duly noticed pur-suant to NCGS 150B- 38( b)( c) and 21 NCAC 8C. 0103 and conducted with a quorum of Board members and all necessary parties present. 2. Since the discipline in this case was determined by consent to be perma-nent revocation, pursuant to 21 NCAC 8I .0104, the burden of estab-lishing a justification for modifying the earlier discipline is upon the applicant. 3. Pursuant to 21 NCAC 8I .0104( d), the Board may consider not only Applicant’s post discipline conduct, but also “ the offense for which the appli-cant was disciplined” as well as “ the applicant’s activities during the time the applicant was in good standing.” 4. Misappropriation of funds belong-ing to a client or to ones own CPA firm strikes at the heart of the “ good moral character” that is required of all Certi-fied Public Accountants by NCGS 93- 12( 5). 5. Additionally, in light of Applicant’s apparent lack of remorse, Applicant did not carry her burden of showing that she is “ completely rehabilitated” as required by 21 NCAC 8I .0104( c). BASED ON THE FOREGOING, the Board orders in a vote of five ( 5) to zero ( 0) that: 1. Lee Marshburn Dineen’s applica-tion for modification of discipline is denied. Lee Marshburn Dineen Wilmington, NC 2/ 19/ 01 Disciplinary Actions THIS CAUSE, coming before the Board at its offices at 1101 Oberlin Road, Ra-leigh, Wake County, North Carolina, with a quorum present. Pursuant to NCGS 150B- 41 and 150B- 22, the Board and Respondent stipulate the follow-ing Findings: 1. Respondent is the holder of North Carolina certificate number 23131 as a Certified Public Accountant. 2. Respondent, on his 1998- 99 indi-vidual license renewal, indicated that he was employed by Padgett Business Services, a non- CPA firm. 3. Respondent prepared, as an indi-vidual practitioner, an audited finan-cial statement for a client to submit with the client’s general contractors Terry Mason Smith # 23131 Wilmington, NC 3/ 16/ 01 3 license application to the North Caro-lina General Contractors Board. 4. Respondent failed to comply with generally accepted accounting prin-ciples and generally accepted auditing standards in preparing said audit. 5. Prior to Board staff corresponding with Respondent regarding said audit, Respondent had not filed either firm or state quality review ( SQR) registrations with the Board. 6. On January 2, 2001, the Board office received initial firm and SQR registra-tions in the firm name of Terry M. Smith, Certified Public Ac-countant. 7. Respondent wishes to resolve this matter by consent and agrees that the Board staff and counsel may discuss this Order with the Board ex parte, whether or not the Board accepts this Order as written. BASED UPON THE FOREGOING, the Board makes the following Conclusions of Law: 1. Respondent is subject to the provi-sions of Chapter 93 of the North Caro-lina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Caro-lina Administrative Code ( NCAC), in-cluding the Rules of Professional Eth-ics and Conduct promulgated and adopted therein by the Board. 2. Respondent’s actions as set out above constitute violations of NCGS 93- 12( 7b), NCGS 93- 12( 8c), and NCGS 93- 12( 9) e and 21 NCAC 8J .0108, 21 NCAC 8M .0102, 8N .0209, 8N .0302( a), and 8N .0403. BASED ON THE FOREGOING and in lieu of further proceedings under 21 NCAC Chapter 8C, the Board and Respondent agree to the following Or-der: 1. Respondent is censured. 2. Respondent’s license shall be sus-pended for thirty ( 30) days from the date this Order is approved by the Board; however, said suspension is stayed. 3. As a condition of the stay of his suspension, Respondent shall be on probation, shall comply with the terms of this Order, and shall violate no ac-countancy statutes or rules for two ( 2) years from the date this Order is ap-proved by the Board. 4. Respondent shall pay a one thou-sand dollar ($ 1,000.00) civil penalty to be remitted with this signed Order. 5. Respondent must obtain a peer re-view regarding the time period No-vember 1997 through November 1999 to be completed by September 30, 2002. 6. Respondent’s second peer review regarding the time period November 1999 through November 2002, which should have been completed by De-cember 31, 2002, shall be completed by March 31, 2003, and Respondent must obtain an unqualified opinion for this peer review. 7. Respondent must complete, prior to December 31, 2001, and provide verifi-cation of his completion of sixteen ( 16) hours of continuing professional edu-cation ( CPE) in the areas of accounting and auditing. Said CPE may not be used to meet Respondent’s annual forty ( 40) hour requirement. 8. Respondent agrees that failure to timely comply with any terms of this Order or with all accountancy statutes and rules during the two ( 2) year pro-bationary period shall be deemed suf-ficient grounds for active imposition of the thirty ( 30) day suspension of Respondent’s license in addition to any other discipline as assessed for the fu-ture violation. 9. Respondent agrees to cooperate at all times with the Board in the supervi-sion and investigation of compliance with this settlement agreement and agrees to make all files, records, or other documents available immediately upon the demand of the Board. www. state. nc. us/ cpabd Chet Milton Williams # 16908 Zebulon, NC 3/ 16/ 01 THIS CAUSE coming before the Board on March 16, 2001, at its offices at 1101 Oberlin Road, Raleigh, Wake County, North Carolina, with a quorum present, the Board finds, based on the clear and convincing evidence, that: FINDINGS OF FACT 1. Respondent is the holder of a certifi-cate as a Certified Public Accountant in North Carolina and the subject of a prior Consent Order. 2. On December 20, 1999, the Board entered into a Consent Order with Re-spondent ( Exhibit 1). 3. The Consent Order provided that Respondent obtain “ a peer review to be completed before December 31, 2000.” 4. Respondent failed to obtain and complete a peer review prior to De-cember 31, 2000. 5. In a January 24, 2001, response to a request for information, Respondent stated since he has not provided ser-vices to the client since early 2000 he saw “ no reason to remain registered as a firm as well as undergo peer review.” CONCLUSIONS OF LAW 1. Respondent is subject to the provi-sions of Chapter 93 of the North Caro-lina General Statutes ( NCGS) and Title 21, Chapter 8 of the North Carolina Administrative Code ( NCAC), includ-ing the Rules of Professional Ethics and Conduct promulgated and adopted therein by the Board. 2. Respondent failed to timely comply with the December 20, 1999, Consent Order. 3. Respondent’s failure to comply with the terms of the Consent Order is a violation of NCGS 93- 12( 9) e and 21 NCAC 8N .0203( b)( 3). BASED ON THE FOREGOING, the Williams continued on page 4 4 Board orders in a vote of seven ( 7) to zero ( 0) that: 1. Respondent’s certificate is sus-pended for thirty ( 30) days. 2. If Respondent fails to return his suspended certificate within fifteen ( 15) days of the receipt of this Order, the thirty ( 30) day suspension will be ex-tended by the number of days that his certificate is late in being returned to the Board office. 3. If Respondent returns his suspended certificate within fifteen ( 15) days of the receipt of this Order, Respondent can apply to return his certificate to active status by submission and ap-proval of a reissuance application which includes: a. Application form, b. Payment of the application fee, c. Three ( 3) moral character affidavits, and d. Forty ( 40) hours of CPE in the twelve ( 12) months preceding the application including an eight ( 8) hour accoun-tancy law course pursuant to 21 NCAC 8F .0504. 4. If Respondent returns his suspended certificate in excess of fifteen ( 15) days of the receipt of this Order, Respon-dent can, after at least thirty ( 30) days, apply to return his certificate to active status by submission and approval of a reissuance application which includes: a. Application form, b. Payment of the application fee, c. Three ( 3) moral character affidavits ( on forms provided by Board), d. Forty ( 40) hours of CPE in the twelve ( 12) months preceding the application including an eight ( 8) hour accoun-tancy law course pursuant to 21 NCAC 8F .0504, and e. Consent Order requiring payment of at least $ 100.00 in administrative costs. Williams from page 3 Inactive “ Inactive,” when used to refer to the status of a person, describes one who has requested inactive status and been approved by the Board and who does not use the title “ certified public accountant” or does he or she allow anyone to refer to him or her as a “ certified public accountant” and neither he or she nor anyone else refers to him or her in any representation as described in 21 NCAC 8A .0308( b) [ 21 NCAC 8A .0301( b)( 23)]. 02/ 22/ 01 Courtney Sharp Jones Durham, NC 02/ 23/ 01 Lester V. Hankes, Jr. Marietta, GA 02/ 23/ 01 Leslie Tart Roth Sanford, NC 02/ 26/ 01 Bertrand Charles Welch Cornelius, NC 02/ 26/ 01 Hugh Douglas Helms Cedar Point, NC 02/ 26/ 01 David Charles Sutton Greenville, SC 02/ 26/ 01 Donna Millsaps Lee Greensboro, NC 02/ 26/ 01 Lisa Lambert Brown Fishers, IN 02/ 26/ 01 Kendra Beveridge BoyleRaleigh, NC 02/ 26/ 01 Richard K. Wood, Jr. Midlothian, VA 02/ 26/ 01 Steven Randall Harrell Bethel, NC 02/ 27/ 01 Alka K. Singh New York, NY 02/ 27/ 01 Stacy Saladin Wooten Thomasville, NC 02/ 27/ 01 Sheri Ellen Bitterman Bismarch, ND 03/ 01/ 01 Marcella Wallace Schumacher Reston, VA 03/ 05/ 01 Lisa Havran McKissick Cary, NC 03/ 05/ 01 Kristine Knighton Wahr New York, NY 03/ 06/ 01 Barry Louis Gutfeld Washington, NC 03/ 08/ 01 Pamela Sue Smith Hemphill Greensboro, NC 03/ 08/ 01 June P. Decker Raleigh, NC 03/ 08/ 01 Jonathan David Ingram Atlanta, GA 03/ 09/ 01 Thomas Allison Carter Winston- Salem, NC 03/ 13/ 01 Joseph Earl Jenkins Greensboro, NC 03/ 16/ 01 Sally Walsh Manion Geneva, NY 03/ 20/ 01 Ginger Grubb Powell High Point, NC 03/ 20/ 01 Angela Denys Briggs Winter Springs, FL 03/ 21/ 01 Barbara J. Rosengrant Mooresville, NC 03/ 23/ 01 Angela Coates Brown Greer, SC 03/ 23/ 01 Laura Lynn Bibighaus Houston, TX Reclassifications Retired “ Retired,” when used to refer to the status of a person, describes one possess-ing a North Carolina certificate of qualification who verifies to the Board that the applicant does not receive or intend to receive in the future any earned compensation for current personal services in any job whatsoever and will not return to active status [ 21 NCAC 8A .0301( b)( 23)]. 03/ 16/ 01 Virgil D. Allen Bullock, NC 03/ 16/ 01 James Harston Creech, Jr. Randleman, NC 03/ 16/ 01 Angelo B. Santolla Land O’ Lakes, FL 03/ 16/ 01 Charles G. Stricklen Greensboro, NC Reinstatements 03/ 16/ 01 Michael Scott Traflet Wilmington, NC 03/ 16/ 01 Richard Eugene Woolen Charlotte, NC 5 Q. Can I accept a commission or referral fee from an audit or review client? A. Pursuant to 21 NCAC 8N .0303( c), a CPA shall not for a commission recommend or refer to a client any product or service, or for a commis-sion recommend or refer any prod-uct or service to be supplied by a client, or receive a commission when the CPA also performs for that client an audit or review of a financial statement. In addition, a CPA or firm can-not receive a commission or referral fee from an audit or review client indirectly through another firm, al-ternative business structure, or af-filiated company. This includes as-set management fees, which for the purposes of this rule, the Board con-siders commissions. A CPA may receive a commis-sion or referral fee from a client to whom the CPA provides a compila-tion of a financial statement only when the CPA expects, or reason-ably might expect, that a third party will not use the financial statement or if the compilation report prepared by the CPA discloses a lack of inde-pendence. The prohibition of commissions and referral fees applies during the period in which the CPA or firm is engaged to perform the services, as well as the period covered by the historical financial statements in-volved in the services. Pursuant to 21 NCAC 8N .0303( e), a CPA, when accepting a commis-sion, referral fee, or contingent fee, shall provide the client with a writ-ten disclosure regarding the service or product to be rendered or re-ferred with the commission, referral fee, or contingent fee, to be charged or received. If you have questions regarding commissions or referral fees, please contact Robert N. Brooks, the Board’s Executive Director, by telephone at ( 919) 733- 4222. Commissions and Referral Fees Certificates Issued The following certificate applications were approved at the March 16, 2001, Board meeting: Hosam Mahmoud Abdulkareem Jill Aikens Tracey Hill Allen Amy Louise Almond Sonal T. Amin Deborah Lynn Anthony Stanley Matthew Babicz David Everett Bainbridge Patrick A. Beach Jamie Helen Begor Diane Marie Bognich Ronald Eugene Bonds Esther Judith Bredell Christopher John Bundros Christine M. Callihan Jay Sprott Carter Jeffrey Glenn Causey Jacintha Civiello Nathan Phillip Clark Ann Nickell Comer Randy V. Cook Keith Darin Covington Amanda Michelle Croston Addie Deloris Cuthbertson Michael Francis DeFalco Penny L. Dierickx Pamela Pearson Dodge David Burgess Downing Marcel Lamont Drayton Edward Travis Elrod, Jr. Elsa Marie Fairbank Tobi Smith Fess Keith M. Feuz Brandy Tenille Fleming Terri D. Fleming Elizabeth Lamb Fluharty Sherry Dean Folkestad Bridget A. Foster Martha Boyette Gaines Christopher Robert Gebbia Marsha L. Gregory Diane B. Griffin Thomas Reid Griffin Stephen Mark Hannah Brian Christopher Harhai Susan Lambert Hart Wendi Michele- Wise Heglar Paul Francis Heinrichs John Stockton Hobart Amy Underhill Holding April Christine Horvath John Benjamin Huggins Craig Michael Ihle Yvonne Alane Jacobs Lonnie Dave Joyce Jon Eric Kea Jennifer King Joseph Markis Kledis George Matthew Knab Kelli Ann Koonsman Nola M. Lawson Hugh Geoffrey Lemonds Derek Martin Lewis Robert Craig Lowder Tracy Elizabeth Maggi Charles M. Malone, Jr. Joy Caroline Mathis Mirit Michaels Lori A. Miller James Clarke Murphy, Jr. Timothy Scott Nash Brian Charles Nay Jeri Spencer Nelson Danny S. Nethken Thomas Lafayette Pender, Jr. Susan Lynne Phares- Aldrich Daphne Haith Pinchback James P. Revels Rene Richard Rice John Joseph Riedel, Jr. Andrew Jay Robinson Michael B. Rowe, Jr. Maureen M. Schirtzinger Eileen L. Schneider Donald Craig Schroder Karen Leslie Schroth Laura L. Seery Robin Linda Shoemaker Manoma Sirisena Amie Alley Snell Derrick Lamarr Steele Michael Tarter Suthers Janelle Harris Thomas Elizabeth Anne Turk Marjorie F. Vesey Joseph Michael Von Dauber Vera Elizabeth Watson Theresa P. Welch Daniel P. Zalomek Liqin Zhu 6 All Uniform CPA Examination can-didates sitting for the exam in North Carolina are required to sign the following statement on cheating: “ Any individual found to have engaged in conduct which subverts or attempts to subvert the accoun-tancy licensing examination process may, at the discretion of the Board, have his or her scores on the licens-ing examination withheld and/ or declared invalid, be disqualified from holding the CPA certification, and/ or be subject to the imposition of other appropriate sanctions. Conduct which subverts or at-tempts to subvert the accountancy licensing examination process in-cludes, but is not limited to: ( 1) Conduct which violates the standards of test administration, such as communicating with any other candidate during the admin-istration of the licensing examina-tion; copying answers from another candidate or permitting one’s an-swers to be copied by another candi-date during the administration of the licensing examination; having in one’s possession during the ad-ministration of the licensing exami-nation any books, notes, written or printed materials or data of any kind, other than the examination materi-als distributed. ( 2) Conduct which violates the credentialing process, such as falsi-fying or misrepresenting educa-tional credentials or other informa-tion required for admission to the licensing examination; impersonat-ing a candidate or having an imper-sonator take the licensing examina-tion on another’s behalf. I have read and do understand this policy of the Board. I agree to comply with all written rules and instructions given during the ad-ministration of this examination.” Board Policy on Cheating Business Law & Professional Responsibilities ( LPR) Wednesday, May 2, 2001 9: 00 a. m. - 12: 00 noon Auditing ( AUD) Wednesday, May 2, 2001 1: 30 p. m. - 6: 00 p. m. Accounting & Reporting ( ARE) Thursday, May 3, 2001 8: 30 a. m. - 12: 00 noon Financial Accounting & Reporting ( FARE) Thursday, May 3, 2001 1: 30 p. m. - 6: 00 p. m. Uniform CPA Exam Schedule The May 2001 Uniform CPA Examination will be administered at the Raleigh Convention and Conference Center in Raleigh and the Benton Convention Center in Winston- Salem. The schedule is as follows: The North Carolina State Board of CPA Examiners and the American Institute of CPAs Board of Examiners ( AICPA BOE) regard cheating on the Uniform CPA Examination as a serious offense. The Board and the AICPA BOE use a variety of tools and procedures to prevent candidates from cheating on the examination. Proctors are trained to watch for unusual or suspicious behavior and incidents during the examination and to document the occurrence of any unusual activity. Some actions that may be con-sidered cheating include: • falsifying credentials; • copying answers from an-other candidate during the exam; • helping another candidate during the exam; • using unauthorized materi-als during the exam; • unauthorized communica-tion with an individual, in or out of the exam site, during the exam; • taking written materials, notes, etc., into or out of the exam site; and • divulging exam information in violation of the nondisclosed exam policies. In addition, during the grading pro-cess, the AICPA Advisory Grading Ser-vice instructs graders to report all cases of unusually similar responses. After grading is complete, the Ad-visory Grading Service compiles a re-port, the “ 90% Similarity Report,” which identifies candidates whose pat-terns of answers are unusually similar and forwards the report to the Board. The Board may use this report to support an existing investigation into possible cheating or to initiate such an investigation. 21 NCAC 8F .0111, Ineligibility due to Violation of Accountancy Act, states, “ a person may not be eligible to take the CPA examination or receive the North Carolina certificate of qualifica-tion as a CPA if the Board determines that the person has engaged in conduct that would constitute violation of Gen-eral Statutes Chapter 93 or the Rules of Professional Ethics and Conduct.” If the Board determines that a can-didate has cheated, the candidate will be subject to a variety of penalties, including, but not limited to, invalida-tion of grades and disqualification from subsequent exam administrations. In cases where cheating is discov-ered after a candidate has obtained his or her CPA certificate, the Board may permanently revoke the certificate. Cheating on the Uniform CPA Examination 77 mittee; Long- Range Planning Commit-tee; Nominating Committee ( Chair); Personnel Committee ( Chair); Quality Review Executive Committee; and the Taxation Committee. In 1998, Baldwin received the NCACPA’s “ Raymond Rains Award for Outstanding Service to the Profes-sion.” The award is presented annually to the NCACPA member who best ex-emplifies the mission of the NCACPA through his or her continued outstand-ing service to the NCACPA. Baldwin is married to Brenda S. Baldwin, and has two children— Nicole McCoy, a graduate student at Wake Forest University; and Whit Baldwin, a student at Florida State University. Baldwin from front The National Association of State Boards of Accountancy ( NASBA) re-cently launched CPEMARKET. COM ( www. cpemarket. com) , an on- line da-tabase of continuing professional edu-cation ( CPE) course listings that can be searched according to specific criteria, such as credit hours, location, subject area, date, and course format. Yordanos Burney, Director of Com-pliance Services for NASBA, says CPEMARKET. COM grew out of a need to provide individuals who must ob-tain continuing education credits to maintain or renew a professional li-cense with a managed list of CPE courses. “ Although NASBA provides two continuing education- related ser-vices— the National Registry of CPE Sponsors and the Quality Assurance Service ( QAS)— to state boards of ac-countancy and their licensees, these services do not provide the means for an individual to find a specific CPE course which meets his or her needs, and NASBA is not in a position to recommend a specific provider or a specific course to an individual,” ex-plains Burney. “ With CPEMARKET. COM, an in-dividual can search a massive data-base of course offerings to find the exact course he or she needs to meet the complex CPE requirements of his or her licensing board.” CPEMARKET. COM, which is free to all individuals seeking CPE course information, also includes information on state- mandated CPE requirements. For additional information regard-ing CPEMARKET. COM, please con-tact NASBA by telephone at ( 615) 880- 4200 or by e- mail at ( cpemarket@ nasba. org). NASBA Launches CPEMARKET. COM Top Scorers for November 2000 Exam In 1982, the North Carolina CPA Foun-dation, Inc., undertook sponsorship of the “ Katherine Guthrie Memorial Awards, the semi- annual awards given to the three North Carolina candidates with the highest total grades on the Uniform CPA Examination. To be eligible for the awards, a candidate must sit for all four parts of the exam and must attain a score of at least 80 on each section of the exam. Kristin Simeone, an initial candi-date, is North Carolina’s highest scor-ing candidate on the November 2000 exam. A Fixed Asset Accountant with Arthur Andersen in Sarasota, Florida, Simeone received a Bachelor of Science in Business Administration from Bryant College in 1993. North Carolina’s second highest scoring candidate is Richard A. Pelak, who received a Bachelor of Science in Economics from the State University of New York at Binghamton, in 1992. Pelak, who received a Juris Doctor from the University of North Carolina at Chapel Hill in 1995, is employed as a Tax Consultant with Culp, Elliott & Carpenter, P. L. L. C, in Charlotte. Ezequiel Ladron de Guevara and Keir Majarrez, who achieved the same total score on the November 2000 exam, share the distinction of being North Carolina’s third highest scoring candi-date. Ladron de Guevera, a Staff Assis-tant with KPMG in Miami, Florida, graduated cum laude from Florida In-ternational University with a Bachelor of Accounting in April 2000. He is cur-rently pursuing a Masters degree. Majarrez, also a cum laude gradu-ate, received a Bachelor of Science in Accounting from the College of Charleston in December 1999. He is employed as an Associate with PricewaterhouseCoopers, LLP, in Ra-leigh. If you wish to address the Board regarding a specific issue, please con-tact Robert N. Brooks, the Board’s Executive Director, by telephone at ( 919) 733- 4222 or via e- mail ( rnbrooks@ bellsouth. net) at least two weeks prior to the meeting date. May 21 June 25 July 23 August 20 September 18 October 22 November 19 December 18 Board Meetings Do you have questions or comments about the Activity Review? If so, please contact Lisa R. Hearne, Com-munications Manager, by telephone at ( 919) 733- 4208 or by e- mail at ( lhearne@ bellsouth. net). Comments? Certificate No. Send Mail to Home Business New Home Address City State Zip CPA Firm/ Business Name New Bus. Address City State Zip Telephone: Bus. ( ) Home ( ) Bus. fax ( ) E- mail address Certificate Holder Last name Jr./ III First Middle North Carolina State Board of Certified Public Accountant Examiners Post Office Box 12827 Raleigh NC 27605- 2827 PRST STD US Postage PAID Greensboro, NC Permit No. 393 21,000 copies of this document were printed for this agency at a cost of $ 2,758.29 or 13¢ per copy in April 2001. Certificate holders not notifying the Board in writing within 30 days of any change in address or business location may be subject to disciplinary action under 21 NCAC 8J .0107. Address Change? Let Us Know! Signature Date Mail to: NC State Board of Fax to: ( 919) 733- 4209 CPA Examiners Attn: Licensing PO Box 12827 or Raleigh, NC 27605- 2827 Examinations State Board of CPA Examiners Board Members R. Stanley Vaughan, CPA President, Charlotte O. Charlie Chewning, Jr., CPA Vice President, Raleigh Michael H. Wray Secretary- Treasurer, Gaston Barton W. Baldwin, CPA Member, Mount Olive Norwood G. Clark, Jr., CPA Member, Raleigh Scott L. Cox, CPCU, CIC Member, Charlotte Walter C. Davenport, CPA Member, Raleigh Staff Executive Director Robert N. Brooks Legal Counsel Noel L. Allen, Esq. Administrative Services Felecia F. Ashe Communications Lisa R. Hearne, Manager Examinations Judith E. Macomber, Manager Phyllis W. Elliott Licensing Buck Winslow, Manager Alice G. Steckenrider Lynn Wyatt Professional Standards Ann J. Hinkle, Manager JoAnne Burch Jo Gaskill Receptionist Karen Carlile Don’t forget... certificate renewal deadline is June 30 |
OCLC number | 20740890 |