May 2012
While reviewing information from the SEC website it was noticed that a recent report detailed an enforcement action against a CPA. Nebraska Board staff checked the name in the Nebraska database and discovered the individual’s status in Nebraska was “administrative revoked.” The staff then checked the ALD and discovered the individual was also registered in Kansas and Missouri. The SEC action was based in Kansas City, Missouri and the Missouri Board was familiar with the case. The Missouri Board became the lead in the matter and commenced an investigation into the matter while Nebraska and Kansas stood by to allow the Missouri Board time to complete their investigation.
The executive directors from Nebraska, Kansas, and Missouri were quickly able to discuss and coordinate a response to the SEC actions based on the quick, timely information obtained from the ALD. It also allowed the Boards to coordinate their activity and allow for better use of Board resources.
A great example of the benefits of the ALD!
Submit Your Success Story and WIN!
Now that you have read Dan’s real life ALD success story, submit your own for a chance to win a $100 VISA gift card! We want to hear about how the ALD or CPAverify added value to your busy day or helped accomplish a major enforcement effort. We keep hearing how these resources provide benefit, but we want to share these experiences with all State Boards! Submitted stories will be published in future newsletters. If you have the best story, we will contact you and then announce the winner in the next ALD newsletter. Don’t delay. Submit your stories today via email to [email protected].