Re: 5/4/01 - [ZSUN] SEC: R. Gordon Jones, CPA and Mark Jensen CPA Denied the Privilege of Practicing before the Commission for Three Years
R. GORDON JONES, CPA AND MARK JENSEN CPA DENIED THE PRIVILEGE OF PRACTICING BEFORE THE COMMISSION FOR THREE YEARS
On May 4, the Commission entered an Order Making Findings and Imposing Sanctions against R. Gordon Jones, CPA, of Salt Lake City, Utah. The order was entered under Rule 102(e) of the Commission's Rules of Practice and was pursuant to Jones's offer of settlement offer in which he neither admitted nor denied the allegations in the Commission order. The order finds that Jones acted recklessly in violation of professional standards in connection with the audit of the September 30, 1995 financial statements of Dynamic American Corp. Jones was the audit partner in charge of that audit. The order denies Jones the privilege of practicing before the Commission as a CPA provided that he may reapply after three years.
Also on May 4, the Commission entered an Order Making Findings and Imposing Sanctions against Mark F. Jensen, CPA, also of Salt Lake City, Utah. That order settles two separate administrative proceedings in which Jensen is a respondent. The order was entered under Commission Rule 102(e) and was pursuant to Jensen's offer of settlement in which he neither admitted nor denied the allegations by the Commission. The order finds that Jensen acted recklessly in violation of professional standards in connection with the audit of the Dynamic American financial statements noted above. Jensen was the concurring reviewer on that audit. In addition, in separate administrative proceedings, the order finds that Jensen acted recklessly in violation of professional standards in connection with an audit of 1994 financial statements of Sky Scientific Inc. in which he was also the concurring reviewer. The order denies Jensen the privilege of practicing before the Commission as a CPA provided that he may reapply after three years. (Mark F. Jensen - Rel. 34-44264, AAE Rel. 1389, File No. 3-9863; R.Gordon Jones - Rel. 34- 44265; AAE Rel. 1390; File No. 3-10210)
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