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Tennessee Board of Accountancy approves licensing committee recommendations and multiple enforcement settlements, including two revocations
Summary
At its Oct. 21 meeting the Tennessee State Board of Accountancy approved licensing committee recommendations (exam credit extensions, NACD exam approval, a foreign-evaluation provider) and accepted enforcement committee recommendations including consent orders, civil penalties and two agreed revocations following criminal convictions.
The Tennessee State Board of Accountancy on Oct. 21 approved a slate of licensing recommendations and enforcement actions after committee review and committee-originated motions.
The board voted to adopt the licensing committee’s recommendations, which included extensions of CPA exam credit for three candidates, approval of the National Association of Corporate Directors (NACD) exam for CPE credit (specialized knowledge, qualifying for 20 CPE hours), and approval of Scalero as an approved foreign-education evaluation service provider for Tennessee. The committee also recommended declining a CPA’s request to accept 25 CPE hours from a sponsor not registered with NASBA; the board approved declining the credit but voted to waive 16 penalty hours and give the licensee 180 days to obtain 25 replacement hours from an approved sponsor.
The enforcement committee’s recommendations — reviewed in detail at the committee meeting the day before — were presented as a package. The board adopted the committee’s process change to add investigative costs to enforcement…
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