Melissa Fanning, a certified public accountant in Clearlake, was disciplined by the California Board of Accountancy for multiple alleged negligent acts, each resulting in a violation of professional standards.
The board placed Fanning on three years” probation, during which she will maintain an active license.
The action stems from Fanning”s work for the Lake County Community Action Agency, a nonprofit organization. She was retained by the agency”s board beginning in November 2005, according to CBA documents.
In 2010, Fanning reportedly began providing financial statements to the board. These statements “did not contain compilation reports with required elements,” the documents alleges. She also failed to issue draft statements in non-draft form and did not respond completely to inquiries made by the CBA, according to investigators.
There were no charges or allegations of financial impropriety. The state accountancy board alleges negligence on the part of Fanning, who waived her right to legal representation in the matter.
Under terms of the probation, which takes effect on Oct. 26, Fanning must reimburse the CBA for investigation and prosecution costs, amounting to $18,541. She will also complete a regulatory review course, a total of 12 hours of professional continuing education and submit her work to peer review.
