The Board of Public Accountancy ("Board") recently entered a consent agreement with Patrick J. Barrett of Weymouth, imposing an administrative fine of $1,000.00 paid January 31, 2006.
Barrett had been practicing public accountancy as an individual and as a professional corporation without proper licensure since July 1, 2003. Barrett also admitted that he had not completed peer review requirements. He provided documentation that showed he issued reports on financial statements for 26 clients during the period that both his individual and professional corporation licenses were delinquent.
In addition to the $1,000.00 fine, the Board ordered Barrett to cease issuing reports on financial statements until he completes his peer review requirements. He must also notify in writing all of his clients that may be affected by his inability to provide reports on financial statements through his professional corporation and through his individual license.
The Board of Registration of Certified Public Accountants licenses approximately 13,163 certified public accountants throughout the Commonwealth. In Fiscal Year 2005, the Board received 37 complaints and resolved 34 complaints from this and previous fiscal years. The Board held four investigative conferences and one formal hearing. The Board entered into four consent agreements, accepting the voluntary surrender of two licenses, suspended one license, and placed four licenses on probation. The Board issued one fine totaling $1,000.00 and refunded $3,500.00 to consumers.
Consumers are urged to visit the Division of Professional Licensure's website and select the "check a license" option to determine whether a professional they are considering doing business with is licensed and in good standing.
The Division of Professional Licensure ("DPL") is a regulatory agency within the Office of Consumer Affairs and Business Regulation. The agency is responsible for ensuring regulatory compliance and the integrity of the licensing process for approximately 330,000 licensees across 43 trades and professions under the jurisdiction of 29 boards of registration.