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| October, 2003 | The
Monthly Newspaper of the NYSSCPA |
Vol.
6, No. 10 |
Disciplinary Matters
The Joint Trial Board expelled Robert E. Levine of Brooklyn, N.Y., from NYSSCPA and AICPA memberships, effective July 16, 2003.
The board found Mr. Levine guilty of violating the NYSS-CPA Code of Professional Conduct and an AICPA bylaw as follows:
AICPA Bylaw Section 2.3.4
1. Mr. Levine engaged in the practice of public accounting performing financial statement compilations with a firm that is not enrolled in an AICPA practice-monitoring program as required by AICPA Bylaw Section 2.3.4/220R.
Rule 202—Compliance with Standards
1. Mr. Levine testified before a hearing panel of the Joint Trial Board that the financial statements he compiled omitted all disclosures; however, he did not disclose this fact in the compilation reports he issued (AR Section 100.19).
Rule 501—Acts Discreditable
1. Mr. Levine represented to the administrators of the AICPA Peer Review Program on May 29, 2001, that he did not perform any financial statement compilations, thereby exempting his accounting practice from undergoing a peer review. However, Mr. Levine testified before a hearing panel of the Joint Trial Board on Oct. 12, 2001, that he had performed from 10 to 15 compilation engagements yearly.
