MINUTES OF THE COLORADO STATE BOARD OF ACCOUNTANCY MEETING HELD AT COLORADO DEPARTMENT OF REGULATORY AGENCIES, SUITE 1250 A, ON WEDNESDAY, DECEMBER 14, 2016 THIS MEETING WAS PUBLICLY NOTICED ACCORDING TO POLICY 80-17 OF THE DIVISION OF PROFESSIONS AND OCCUPATIONS

A. CALL TO ORDER: The scheduled meeting of the Colorado State Board of Accountancy was called to order by Christine Noel, Vice-Chair, at 9:00 a.m. The following individuals attended all or part of the meeting: BOARD MEMBERS:

Christine Noel, CPA – Vice Chair Cynthia Chung Aki, Public Member Kurt Kofford, CPA Michael Kraehnke, CPA Judy Thomas, CPA

ABSENT BOARD MEMBERS: Kristal Bernert, CPA – Chair Garth Ferrell, Public Member DIVISION STAFF PRESENT: Ofelia Duran, Program Director Leanne Duffy, New Program Director Jill Fransua, Program Manager Amanda Sarrazin, Licensing Specialist Chas Siler, Compliance Monitoring Specialist Melissa Garner, Office of Expedited Settlement OTHERS PRESENT:

Alice Hosley, Assistant Attorney General NASBA Staff by phone until 1:30 PM

B. MISCELLANEOUS BUSINESS 1.

November 9, 2016 Meeting Minutes A motion was made, seconded, and carried to approve the minutes with amendments.

C. EXAM & LICENSING BUSINESS 1.

Individuals and Firms recommended for approval

Following review and consideration of the list of applicants, a motion was made, seconded, and carried unanimously to approve the list of CPA and firm applicants processed by NASBA with three exceptions noted below. The list of approved applicants is attached and hereby incorporated into these minutes. Mazula, Eric - Tabled for a description of the Accounting Ethics course. McKenny, Cameron - Denied for lack of qualifying hours of experience. Schroeder, Phillip - Tabled for more information on the verifier.

2.

Reconsideration of Application for Certification – Fei Gao Interview at 9:30

Ms. Gao appeared in person with her attorney and her professor for the Accounting Ethics course to present additional information and address questions from the Board. Following review and consideration, the Board voted to approve the application. The decision is recorded in the Applicant’s file and the Board provided direction to division staff for follow-up with NASBA. 3.

NASBA Presentation and Policy Review i. Shelly Crosby from NASBA provided an overview of the application process and the applicant experience on the web site. Members asked questions during. ii. The Policy Review was tabled until the January meeting.

Lunch was held from 11:55 am to 12:15 pm. 4.

Consideration of Applications for Exam

The Board considered each application individually. Following review and discussion, the Board voted to approve the following applicant: Alteet, Patricia Following review and discussion, the Board voted to deny the following applicants: Islam, Umer Luton, Kristen – Ms. Noel recused and left the room during this discussion. Denied for lack of business hours, but Econometrics was approved as a Statistics course. The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up with NASBA. 5.

Consideration of Applications for Certification – Education or Experience

The Board considered each application individually. Following review and consideration, the Board voted to approve the following applicants: Baxter, Jason Prentice, Daniel Sanders, Christa Wald, Courtney Following review and consideration, the Board voted to deny the following applicants: Kopczynski, David – The course supplied did not meet the accounting, business or technical Communication course requirement. Seitz, Samuel – The course supplied did not meet the accounting, business or technical Communication course requirement. Mr. Kraehnke opposed. The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up with NASBA. 6.

Reconsideration of Applications for Certifications

The Board considered each application individually. Following review and discussion, the Board voted to approve the following applicant: Adams, Sean Following review and consideration, the Board voted to table the following applicant: Countryman, James – for more information on when the hours of experience were accrued. The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up with NASBA. 7.

Consideration of Tabled Applications for Certifications

The Board considered each application individually. Following review and discussion, the Board voted to approve the following applicants: Swope, Bruce Shreeve, Samuel The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up with NASBA. 8.

Consideration of Reciprocity Applications with possible violations

The Board considered each application individually. Following review and consideration, the Board voted to approve the following applicant: Smith, Michael with a Letter of Information. Following review and consideration, the Board voted to deny the following applicant: Johnston, Sylvia The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up with NASBA. 9.

Consideration of Retired Status Applications

The Board considered each application individually. Following review and consideration, the Board voted to deny the following applicant: Hay, James Following review and consideration, the Board voted to conditionally approve the following applicant upon completion of CPE: Hoover, Wayne - Mr. Kraehnke opposed. The decisions are recorded in the Applicants’ files and the Board provided direction to division staff. 10.

Consideration of Applications for Reinstatement

The Board considered each application individually. Following review and consideration, the Board voted to approve the following applicant: Garner, Christopher

Following review and consideration, the Board voted to deny the following applicant: Al Sarraf, Manal Following review and consideration, the Board voted to conditionally approve the following applicant: Armour, John Ray – The firm was referred to Executive Session. The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up. 11.

Consideration of Applications for Reactivation

The Board considered each application individually. Following review and consideration, the Board voted to approve the following applicants: Baham, Randolph Durrani, Zeeshaan Kristner, Theresa Following review and consideration, the Board voted to table the following applicant: Parekh, Sameer – for a more detailed job description from the verifier The decisions are recorded in the Applicants’ files and the Board provided direction to division staff for follow-up. 12.

Reconsideration of Application for Reinstatement

Following review and consideration, the Board voted to approve the following applicant: Gangaramani, Harish The decision is recorded in the Applicant’s file and the Board provided direction to division staff for follow-up.

D. BRIEFING & REVIEW 1.

Program Director Report

Ms. Duran introduced Leanne Duffy as the new Program Director for Accountancy effective January 1, 2017. Ms. Duran thanked the members for their work and dedication, then Ms. Duffy and the Board members gave brief introductions and backgrounds. 2.

NASBA 3rd Quarter Exam Performance Reports

3. NASBA Focus Questions – The Board provided responses to be submitted by Ms. Duran.

F. EXECUTIVE SESSION BUSINESS from 1:54 pm to 4:19 pm. A motion was made, seconded and carried unanimously to enter executive session pursuant to Section 24-6-402(3)(a)(III) of the Colorado Revised Statutes for the purpose of considering complaints and investigations that are required to be closed to the public

pursuant to Section 12-2-126(1)(b)(I) and (c) and pursuant to Section 24-6-402(3)(a)(II) for the purpose of discussing disputes that are the subject of pending or imminent court action, discussing specific claims or grievances, or receiving legal advice on specific legal questions regarding these matters, including: 1.

Referrals from Open Session

2.

Office of Expedited Settlement Program (ESP) i. Case Status Report ii. Counteroffer 1 iii. Counteroffer 2 – Mr. Kofford recused and left the room.

3.

Consideration of Consumer Initiated Complaints i. Case 2016-5465 ii. Case 2016-4231 iii. Case 2016-5677

4.

Consideration of Board Initiated Complaints i. Case 2016–5088 iii. Cases 2016-5694 & 2016-5695 iv. Cases 2015-5675 & 2016-5676 v. Case 2016-5984

5.

Office of the Attorney General i. Case Status Report ii. Annual Legal & Ethical Review

G. ADJOURNMENT A motion was made, seconded and carried unanimously to adjourn the meeting at 4:20 pm. Next Regularly Scheduled Meeting The next scheduled meeting of the Colorado State Board of Accountancy will be held on Wednesday, January 25, 2017 at 1560 Broadway, Suite 1250B, commencing at 9:00 a.m.

Approved By: __________________________________ Date: ________________ Attestations: As a Board Member, I attest that the discussions during the Executive Session of the Colorado State Board of Accountancy meeting held on June 8, 2016 until 2:48 PM, were confined to the topics authorized pursuant to Section 24-6-402(3)(a)(II) and (III), C.R.S.

Approved By:

___________________________________ Date: ____________________

Recommended Approval List Board Meeting 12/14/16 License # 34313 34314 34315 34340 34341 34316 34317 34318 34319 34320 34321 34322 34323 34324 34325 34326 34327 34328 34329 34330 34331 34332 34333 34334 34335 34336 34337 34338 34339 34342 34343 34344 34345 34346 34347 34348 34349 34350 34351 34352 34353 34354 34355 34356 34312 34311 34310 34309 License # 5000275 5000276 5000277 5000278 5000283 5000279 5000280 5000281 5000282

Individual Applicant Arro, Karl Aylesworth, Aaron Baugher, Jamie Bloom, Mariah Brodnax, Jamie Brown, Samuel Cartwright, Donna Danieli, Arielle Dennis, Kristen Dixon, Robert Dodson, Yulia Franz, William Groth, Jennifer Grove, Emily Gustafson, Megan Hallinan, Shawn Handlin, Krystal Haxel, Joshua Herr, John Hetherington, William Jaime, Catalina Koch, Kelsie Lienemann, Daniel Mahar, Cassandra Margolis, Michael Millard, Simon Miller, Amanda Myers, Jordyn Nakajima, Mieko O'Neill, Darragh Parnell, Cory Proud, Melissa Rojas, Irina Rozzell, Elizabeth Schmelz, Susanne Song, Hyun Suck Stone, Keith Sullivan, Haley Swanson, Austin Terrell, Jeremy Voshall, Emily Walker, Leigh Warkenthien, Christine Wheeler, Charles Wietlispach, Laura Wildman, Michelle Williams, Chelsea Wright, Dakoda Firm Applicant Angeli, Heveron and Associates LLC Bakke, CPA, LLC D. Ryan Blakeney, CPA, P.C. Kuhlmann & Cook CPAs LLC O'Kelly & Associates, Inc. RSK Accounting Services, Inc. Singular CPA Services LLC Steven J. Yacht CPA, LLC Valuation Strategies LLC

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