SEC Reinstates Suspended Accountant

The SEC reinstated an accountant who was suspended from practicing before the Commission due to allegations that he engaged in "a number of improper accounting practices in contravention of generally accepted accounting principles that materially misstated [a computer company's] financial results and enabled the company to report lower operating expense as a percentage of revenue." The order was issued in response to the accountant's application for reinstatement to practice "as an accountant responsible for the preparation or review of financial statements required to be filed with the Commission."

In his application for reinstatement, the accountant agreed to:

• have any action that he undertakes as a member of the audit committee subjected to the scrutiny of the full audit committee, and will have no function or responsibility independent of the audit committee as a whole;