Board Elects 2015-2016 Officers on July 24, 2015, the Members of Professional Standards Committee
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North Carolina State Board of Certified Public Accountant Examiners 1101 Oberlin Rd., Ste. 104 • PO Box 12827 • Raleigh, NC 27605 • 919-733-4222 • nccpaboard.gov • No. 02-201509-2015 Board Elects 2015-2016 Officers On July 24, 2015, the members of Professional Standards Committee. Truitt, one of two public members the Board elected officers for 2015- He is a member of the NCACPA and of the Board, has been a member of 2016. the AICPA. the Board since 2014 and has served The mid-term election was nec- Cook, who served on the Board as a member of the Professional Ed- essary because of changes in the 2009-2012 and was re-appointed ucation & Applications Committee. Board’s membership. in 2013, has served as Vice Presi- He is a partner with Smith, An- Unanimously elected to office were dent and Secretary-Treasurer of the derson, Blount, Dorsett, Mitchell & Michael H. Womble, CPA, President; Board. Jernigan, L.L.P. (Smith Anderson). Wm. Hunter Cook, CPA, Vice Presi- He has been a member of the Ex- dent; and Jeffrey J. Truitt, Esq., Sec- ecutive Committee, Professional Does the Board Have retary-Treasurer. Standards Committee, Audit Com- Your Correct Email Womble, the managing partner mittee, Personnel Committee, Pro- Address? of the CPA firm Williams Overman fessional Education & Applications 21 NCAC 08J .0107 requires Pierce, LLP, has been a member of Committee, and Communications licensees to notify the Board the Board since 2012. Committee. in writing within 30 days of any He previously served the Board Cook is a partner with Dixon change in contact information, in- as Vice President and as a member Hughes Goodman, LLP, and is a cluding email address. member of the NCACPA and AICPA. of the Executive Committee and the The Board uses your email address to send you renewal re- Exam Fees Effective October 17, 2015 minders, CPE audit information, and the Activity Review. NOTE: Effective October 17, 2015, the Uniform CPA Exam fees charged by Pro- The Board does not sell, rent, or metric will increase. Prometric’s per-test hour fee of $19.52 will increase share licensee email addresses. to $19.85 per test hour. Prometric’s per-section fee will increase from About 400 licensees have not $5.95 per section to $6.05 per section. The Board’s administrative fees, provided the Board with a valid NASBA’s Exam fees, and the AICPA’s Exam fees remain unchanged. email address. To update your email address, use the “Address Applications postmarked on or before October 16, 2015, will be pro- Change” link on the Board’s cessed using the current fee schedule. Applications postmarked on or website. after October 17, 2015, will be processed using the new fee schedule. Revised Exam applications that reflect the new fees will be available October 17, 2015, on the Board’s website, www.nccpaboard.gov. In This Issue Disciplinary Actions .................2-3 Administrative Fees Board Meetings ..........................4 Initial Exam Application $230.00 Re-Exam Applications $75.00 Certificates Issued .....................4 Section Fees Infographic: NC Licensees ............. 5 Auditing (AUD) $193.45 Disciplinary Actions, cont. ..........6 Financial Accounting & Reporting (FAR) $193.45 Regulation (REG) $173.60 Reclassifications ........................6 Business Environment & Concepts (BEC) $173.60 Inactive Status ...........................7 North Carolina State Board of Certified Public Accountant Examiners North Carolina State Board of Certified Public Accountant Examiners 1 Disciplinary Actions Pursuant to NCGS 93-12(9), civil penalties are remitted to the North Carolina Civil Penalty and Forfeiture Fund (“Fund”) in accordance with NCGS 115C-457.2. NCGS 115C-457.1(b) states, “The Fund shall be administered by the Office of State Budget and Management. The Fund and all interest accruing to the Fund shall be faithfully used exclusively for maintaining free public schools.” David Ross McCoy, #11300 BASED UPON THE FOREGOING, Mary T. Long, CPA #26598 Salisbury, NC 08/24/2015 the Board makes the following Conclu- Mary T. Long, CPA, P.A. Wilson, NC 08/24/2015 THIS CAUSE, coming before the sions of Law: North Carolina State Board of CPA 1. The Respondent is subject to THIS CAUSE, coming before the Examiners (“Board”) at its offices at the provisions of Chapter 93 of North Carolina State Board of CPA 1101 Oberlin Road, Raleigh, Wake the North Carolina General Stat- Examiners (“Board”) at its offices at County, North Carolina, with a quorum utes and Title 21, Chapter 08 of 1101 Oberlin Road, Raleigh, Wake present. Pursuant to N. C. Gen. Stat. the North Carolina Administrative County, North Carolina, with a quorum §150B-41, the Board and Respondent Code (NCAC), including the Rules present. Pursuant to N. C. Gen. Stat. stipulate to the following: of Professional Ethics and Conduct §150B-41, the Board and Respondent 1. David Ross McCoy (hereinafter promulgated and adopted therein stipulate to the following: “Respondent”) is the holder of by the Board. 1. Mary T. Long, CPA (hereinafter North Carolina certificate number 2. The Respondent’s actions as set “Respondent”), is the holder of 11300 as a Certified Public Ac- out above constitute violations of North Carolina certificate number countant. 21 NCAC 08N .0201, .0203 and 26598 as a Certified Public Ac- 2. The Respondent was, at all rele- .0207. countant. vant times, the supervising CPA for 3. Per N.C. Gen. Stat. §93-12(9) and 2. The Respondent was, at all rele- his firm and had ultimate responsi- also by virtue of the Respondent’s vant times, the supervising CPA for bility for the filing and remittances consent to this order, the Respon- her firm, Mary T. Long, CPA, P.A. dent is subject to the discipline set of taxes withheld from the firm’s (“firm”) and had ultimate responsi- forth below. employees’ paychecks. bility for the filing and remittances 3. The Respondent failed to timely BASED ON THE FOREGOING and in of taxes withheld from the firm’s pay corporate taxes for the period lieu of further proceedings, the Board employees’ paychecks. ending December 31, 2011, and and the Respondent agree to the fol- 3. The Internal Revenue Service failed to timely pay 941 and 940 lowing Order: (“IRS”) issued tax liens, against taxes on behalf of the firm which 1. The Respondent voluntarily sur- the Respondent’s firm, for failure resulted in tax liens against the firm renders his North Carolina Certi- to timely file and/or pay 941 taxes. due to extenuating circumstances. fied Public Accountant certificate Liens were filed by the IRS for at 4. The Respondent was unable to permanently. least ten quarters beginning in the timely pay his personal income tax- 2. The firm registration for McCoy second quarter of 2005 to the pres- es for a number of years. Hillard CPAs, P.A. is hereby can- ent. 5. The Respondent has paid all out- celled. 4. Liens were also filed due to the Re- standing taxes and resolved all 3. The Respondent may not avail spondent’s firm’s failure to pay cor- liens. himself of the provisions of porate taxes, the firm’s 940 taxes 6. The Respondent wishes to resolve 21 NCAC 08I .0104. and a 6721 penalty for failure to file this matter by consent and agrees 4. The Respondent shall not offer or W-2’s. that the Board staff and counsel render services as a CPA or oth- 5. Subsequent to the initiation of the may discuss this Consent Order erwise trade upon or use the CPA Board’s complaint, the Respon- with the Board ex parte, whether or title in this State either through CPA dent, in 2015, was able to obtain a not the Board accepts this Consent mobility provisions or substantial discharge of all IRS liens. Order as written. The Respondent equivalency practice privileges or 6. The Respondent wishes to resolve understands and agrees that this in any other manner, nor shall the this matter by consent and agrees Consent Order is subject to review Respondent claim or attempt to that the Board staff and counsel and approval by the Board and is use any practice privileges in any may discuss this Consent Order not effective until approved by the other state based upon his perma- with the Board ex parte, whether or Board at a duly constituted Board nently revoked North Carolina cer- not the Board accepts this Consent Meeting. tificate. Order as written. The Respondent North Carolina State Board of Certified Public Accountant Examiners North Carolina State Board of Certified Public Accountant Examiners 2 3 Disciplinary Actions understands and agrees that this Snyder, McDonald & Co, LLP utes and Title 21, Chapter 08 of Consent Order is subject to review Greensboro, NC 06/22/2015 the North Carolina Administrative and approval by the Board and is Code, including the Rules of Pro- THIS CAUSE, coming before the not effective until approved by the North Carolina State Board of CPA fessional Ethics and Conduct pro- Board at a duly constituted Board mulgated and adopted therein by Meeting. Examiners (“Board”) at its offices at 1101 Oberlin Road, Raleigh, Wake the Board. BASED UPON THE FOREGOING, County, North Carolina, with a quorum 2. Respondent Firm’s failure to sub- the Board makes the following Conclu- present. Pursuant to N. C. Gen. Stat. mit to the Board copies of its Peer sions of Law: §150B-41, the Board and the Respon- Review Report and Letter of Re- 1. The Respondent is subject to sponse constitutes a violation of the provisions of Chapter 93 of dent stipulate to the following: 21 NCAC 08M .0106(a)(4). the North Carolina General Stat- 1. Snyder, McDonald & Co, LLP 3. Per N.C. Gen. Stat. §93-12(9) and utes and Title 21, Chapter 08 of (hereinafter “Respondent Firm”), also by virtue of Respondent Firm’s the North Carolina Administrative is a registered certified public ac- consent to this order, Respondent Code, including the Rules of Pro- counting corporation in North Car- fessional Ethics and Conduct pro- Firm is subject to the discipline set olina.