In Re Judicial Review of Final Agency Decision of N.C. Bd. of Cpa Exam'rs

2017 NCBC 39
CourtNorth Carolina Business Court
DecidedMay 1, 2017
Docket16-CVS-12212
StatusPublished

This text of 2017 NCBC 39 (In Re Judicial Review of Final Agency Decision of N.C. Bd. of Cpa Exam'rs) is published on Counsel Stack Legal Research, covering North Carolina Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In Re Judicial Review of Final Agency Decision of N.C. Bd. of Cpa Exam'rs, 2017 NCBC 39 (N.C. Super. Ct. 2017).

Opinion

In re Judicial Review of Final Agency Decision of the N.C. Bd. of CPA Exam’rs, 2017 NCBC 39.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION COUNTY OF WAKE 16 CVS 12212

IN RE:

JUDICIAL REVIEW OF FINAL AGENCY DECISION OF THE NC BOARD OF CPA EXAMINERS IN OPINION AND ORDER ON PETITION THE MATTERS OF BELINDA L. FOR JUDICIAL REVIEW JOHNSON, CPA #31871; AND, BELINDA JOHNSON CPA, P.A., DATED JUNE 23, 2016 (N.C.G.S § 150B-43, et seq.)

THIS MATTER comes before the Court on a Petition for Judicial Review of a

Final Agency Decision of the North Carolina Board of Certified Public Accountant

Examiners pursuant to N.C. Gen. Stat. §§ 150B-43 (“Petition”).

THE COURT, having considered the Petition, the Response to the Petition, the

briefs in support of and in opposition to the Petition, the record evidence, the

arguments of counsel made at the hearing, and other appropriate matters of record,

FINDS and CONCLUDES that the Petition should be DENIED for the reasons set

forth below.

Carlton Law Group by Alfred P. Carlton, Jr., Esq. and Cara Artuso Dempster for Petitioners Belinda Johnson CPA and Belinda Johnson CPA, P.A.

Allen & Pinnix, P.A. by Noel L. Allen, Esq., Nathan E. Standley, Esq. and North Carolina State Board of Certified Public Accountant Examiners by Frank X. Trainor, Esq. for Respondent North Carolina State Board of Certified Public Accountant Examiners.

McGuire, Judge. A. INTRODUCTION.

This matter involves a dispute between Petitioners Belinda Johnson, CPA

(“Johnson”) and Belinda Johnson, CPA, P.A. (“the Firm”) (collectively, “Petitioners”)

and Respondent North Carolina State Board of Certified Public Accountant

Examiners (“the Board”). Petitioners seek judicial review of the final decision of the

Board entered June 23, 2016 (“Board Order”). In the Board Order, the Board found

that Johnson (a) failed to comply with Government Auditing Standards (“GAS”) and

generally accepted auditing standards and failed to cause the Firm to comply with

these standards, (b) failed to fulfill the terms of a peer review contract, and (c) failed

to timely respond to the Board’s staff during its investigation. The Board concluded

that Johnson’s conduct violated rules and standards for certified public accountants

promulgated by the Board. The Board imposed monetary sanctions against Johnson,

suspended the Firm’s registration for three years, and revoked Johnson’s certificate

for five years, but stayed the revocation conditional upon Johnson’s compliance with

North Carolina accountancy laws and rules during the five year stay. Petitioners

purport to challenge the Board’s Order on several procedural and evidentiary bases.

Accordingly, the Court must undertake a review of the Board Order pursuant to the

standards in N.C. Gen. Stat. § 150B-51 (hereinafter, references to the General

Statutes will be to “G.S.”).

B. PROCEDURAL AND FACTUAL BACKGROUND.

1. Johnson is a North Carolina certified public accountant (“CPA”), and is

the sole owner of the Firm, a North Carolina certified public accounting corporation. 2. The Board is an administrative agency created by the North Carolina

General Assembly. G.S. § 93-12. The Board is authorized, inter alia, “to adopt rules

of professional ethics and conduct to be observed by certified public accountants in

this State and persons exercising the practice privilege authorized by this Chapter.”

G.S. § 93-12(9). The Board also is authorized to take certain disciplinary actions

against CPAs, including “to revoke, either permanently or for a specified period, any

certificate issued . . . to a [CPA] or any practice privilege authorized by the provisions

of this Chapter” and to assess civil penalties of up to one thousand dollars ($1,000.00)

for “[v]iolation of any rule of professional ethics and professional conduct adopted by

the Board.” Id.

3. The Board also is authorized to “promulgate rules and regulations for

the administration of the report review and peer review requirements. . .” G.S. § 93-

12(8c). The Board has adopted rules that require CPAs and certified public

accounting firms (“CPA firm(s)”) that perform audits or reviews of financial

statements to undergo a peer review every three years. 21 N.C. Admin. Code

08M.0105 (hereinafter, references to the North Carolina Administrative Code will be

to “NCAC”). The rules provide that a peer review may be completed through the

American Institute of CPAs (“AICPA”) Peer Review Program or any equivalent

program. 21 NCAC 08M.0105(d). In North Carolina, the AICPA Peer Review Program

is administered by the North Carolina Association of Certified Public Accountants

(“NCACPA”). The NCACPA maintains a list of approved peer reviewers who have

met the requirements established by the AICPA for conducting peer reviews. 4. The CPA firm undergoing a peer review must choose an approved

reviewer from the NCACPA’s approved list. The CPA firm and the peer reviewer then

enter into a peer review engagement contract. Under the Board’s rules, it is a

discreditable act to fail “to fulfill the terms of a peer review engagement contract.” 21

NCAC 08N.0203(b)(4).

5. The Board’s rules do not require a CPA firm to pass the peer review. The

CPA firm is merely required to provide the Board with notice that it has completed

the peer review process. The Board does not discipline CPAs or CPA firms for failing

a peer review, but opens a disciplinary investigation case because the failed review

could be based on an underlying violation of audit or accounting standards.

6. In May 2013, Petitioners engaged Tina Purvis of Hollingsworth Avent

Averre & Purvis, PA (“Purvis”) to perform a peer review of the Firm’s accounting and

auditing practice. Petitioners and Purvis entered into an “Engagement for System

Peer Review” (hereinafter, “Peer Review Contract”). (Official Record 22–24;

hereinafter, references to the Official Record will be to “OR”). The Peer Review

Contract provided the terms under which Purvis would conduct the peer review, and

that Purvis would bill Petitioners at an hourly rate of $150. The Peer Review Contract

contained an estimate that the peer review would take 15 to 21 hours of work by

Purvis to complete. (OR 23.) The Peer Review Contract did not contain a specific

amount that would be charged.

7. Purvis performed the peer review, and on July 29, 2013, issued a

“System Review Report.” (OR 25–26.) The System Review Report noted three specific areas of deficiencies that did not comply with professional standards for conducting

audits, including GAS. Purvis stated that “the system of quality control for the

accounting and auditing practice of Belinda Johnson, CPA, P.A. in effect for the year

ended March 31, 2013, was not suitably designed and complied with to provide the

firm with reasonable assurance of performing and/or reporting in conformity with

applicable professional standards in all material respects. [The Firm] has received a

peer review rating of fail.” (OR 26.)

8. Petitioners disputed the results of the peer review to the North Carolina

Association of Certified Public Accountants Peer Review Committee (“Peer Review

Committee”). A panel of the Peer Review Committee met with Johnson and Purvis

via teleconference to consider the dispute between Petitioners and Purvis. (OR 56.)

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