§ 54.1-4413.5. Confidential consent agreements.
A. The Board may enter into a confidential consent agreement with a person or firm in lieu of disciplinary action.
B. A confidential consent agreement:
1. Shall be entered into only in cases involving minor violations of the provisions of this chapter or regulations promulgated by the Board;
2. Shall not be disclosed by the person or firm;
3. Shall include findings of fact and may include an admission or a finding of a violation; and
4. Shall not be considered a notice or order of the Board but may be considered by the Board in future disciplinary proceedings.
C. The Board shall adopt regulations in accordance with the Administrative Process Act (§ 2.2-4000 et seq.) to implement the provisions of this section. Such regulations shall identify the type of minor violations for which confidential consent orders may be offered and limit the number of confidential consent orders that may be offered to the same licensee in any given period. The Board shall not enter into a confidential consent agreement if there is probable cause to believe a licensee has demonstrated gross negligence or intentional misconduct in the practice of public accounting.
(2007, c. 804.)Sections: Previous 54.1-4411 54.1-4412 54.1-4412.1 54.1-4413 54.1-4413.2 54.1-4413.3 54.1-4413.4 54.1-4413.5 54.1-4414 54.1-4415 54.1-4416 54.1-4417 54.1-4418 54.1-4419 54.1-4420 Next
Last modified: April 16, 2009