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Board approves $1,000 penalty in consent order for firm that performed review without permit

5828973 · May 16, 2025
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Summary

The Board approved a consent order finding a licensee performed public accounting services requiring a firm permit without one; the order imposes a $1,000 civil penalty and W. Sims abstained from the vote.

The Mississippi State Board of Public Accountancy approved a consent order May 16 in Case 2025.013 finding that an individual licensee performed a review report on financial statements submitted to the State Board of Contractors without holding a required firm permit.

The order states the engagement met the definition of the performance of the practice of public accounting under §73-33-1(2) and required a firm permit; the licensee consented to the violation. The consent order calls for a $1,000 civil penalty to be paid within 30 days.

After a motion by Bill Kelly, secretary, seconded by Richard Bullock, the Board voted to approve the consent order. Willie Sims, Jr., vice-chair and chair of the Investigative Committee, abstained from the vote. The minutes record the abstention and that the vote to approve the consent order was otherwise unanimous.

Board minutes indicate the matter arose through the Board’s enforcement process and was presented for approval at the meeting. No additional disciplinary conditions, suspension, or license revocation were recorded in the meeting minutes; the order addressed its single violation and the civil penalty.

The Board adjourned after completing the consent order action; the minutes were later adopted at the Aug. 7, 2025 regular meeting.