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Effective Dec. 26, 2012, the California Board of Accountancy has taken the certified public accountant license of Daniel Stulac, who now lives in Racine, Wisconsin. In February of 2003, Peregrine Systems restated $509 million of revenue that it had improperly recorded. In subsequent criminal cases, some of the officers were indicted, convicted, and went to prison. Stulac managed the Peregrine account for then-extant accounting firm Arthur Andersen, and knew the revenues were improperly recorded, according to the board. In 2010, he had been suspended from appearing before the Securities and Exchange Commission.

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Comments

Visduh Jan. 4, 2013 @ 12:25 p.m.

Does that mean he cannot practice as a CPA in other states? Specifically in Wisconsin? This sure took long enough. Arthur Andersen is just a distant memory for many of us.

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Don Bauder Jan. 4, 2013 @ 2:14 p.m.

Visduh: I don't know if he can practice in other states. He cannot practice in California. Best, Don Bauder

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SurfPuppy619 Jan. 4, 2013 @ 4:25 p.m.

Arthur Andersen is just a distant memory for many of us.

YOU KNOW, IT WAS SO LONG AGO i ACTUALLY FORGOT WHEN IT HAPPENED.

They surrendered their licenses in 2002, 11 years ago.

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Don Bauder Jan. 5, 2013 @ 8:39 a.m.

SurfPup: What is so pathetic is that Arthur Andersen at one time was the gold standard of the major accounting firms. Then it quickly got so greed-obsessed that the government shut it down. Very sad case. Best, Don Bauder

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SurfPuppy619 Jan. 4, 2013 @ 4:22 p.m.

Does that mean he cannot practice as a CPA in other states?

No, it does not. Each state has their own system. But the rule in most states is that you must notify them of any criminal charges/convictions, or if you have been disciplined in any other state. And the usual rule (at least in CA) is that you cannot practice in said state until your suspension is lifted in the state you were disciplined in.

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Don Bauder Jan. 5, 2013 @ 8:41 a.m.

SP: I wonder if Stulac is practicing in Wisconsin. I simply don't have time to check that out. Best, Don Bauder

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thepmllp Jan. 5, 2013 @ 5:34 a.m.

This is really shameful that's why i trust only high end agencies like

Pun and McGeady

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Don Bauder Jan. 5, 2013 @ 8:43 a.m.

Monitor: please remove. This is a plug for a CPA firm. Best, Don Bauder

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Don Bauder Jan. 6, 2013 @ 8 a.m.

Visduh: Gawd! Do you mean I missed a pun? There is a firm called Pun and McGeady. Maybe the joke went right over my head. Best, Don Bauder

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SurfPuppy619 Jan. 6, 2013 @ 11:50 a.m.

Sort of like the law firm "Whee, Cheetum and Howe"

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