 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE PROCEEDING
|
EXTRACTED KEY WORDS
ARGY PRACTICE ACCOUNTANT REINSTATEMENT AUDIT SUSPENSION STAR FINANCIAL STATEMENTS ADMINISTRATIVE PROCEEDINGS FIRM ACCORDANCE PARTNER REVIEWS INDEPENDENT PUBLIC ACCOUNTANT ACCEPTED AUDITING STANDARDS PAUL SETTLEMENT ARGY PURSUANT APPLICANT RELATING PEER REVIEW UNDERTAKINGS BASIS SECURITIES EXCHANGE DISQUALIFICATION MANAGER REPORT MEMBER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 41321 \ April 22, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
RELEASE NO. 1130 \ April 22, 1999
ADMINISTRATIVE PROCEEDING
FILE NO. 3-8077
In the Matter of
Paul J. Argy, C.P.A.
ORDER GRANTING APPLICATION
FOR REINSTATEMENT TO PRACTICE
AS AN ACCOUNTANT BEFORE THE
THE COMMISSION
On June 24, 1993, Paul J. Argy ("Argy"), a certified public
accountant, was suspended by the Commission from practicing as an
accountant before the Commission as a result of an agreement reached
with Argy in settlement of public administrative proceedings
instituted by the Commission against Argy pursuant to Rule 2(e) of the
Commission's Rules of Practice. ( The institution of public
administrative proceedings and the settlement and suspension of Argy
were announced in AAER 455.) This order is issued in response to his
application for reinstatement to practice before the Commission. (
Rule 2(e) has been recodified in its entirety as Rule 102(e). Rule
102(e)(5)(i) provides An application for reinstatement of a person
permanently suspended or disqualified under paragraph (e)(1) or (e)(3)
of this section may be made at any time, and the applicant may, in the
Commission's discretion, be afforded a hearing; however, the
suspension or disqualification shall continue unless and until the
applicant has been reinstated by the Commission for good cause shown.
17 C.F.R. § 201.102(e)(5)(i).)
Argy performed as a senior manager for the accounting firm Price
Waterhouse ("PW") on the audit of Star Technologies, Inc. ("Star")
leading to the issuance of an unqualified audit report on the fiscal
year 1989 financial statements.
The Commission found that Star's 1989 financial statements, which were
filed with the Commission, were not presented in conformity with
generally accepted accounting principles and that PW's audit was not
conducted in accordance with generally accepted auditing standards.
SNIPPETS:
|
|
|
| | | |
|
|
