Price and the firm had been on probation after the California Board of Accountancy in 2009 revoked the licenses of Price and the firm, although that action was stayed for three years. That action stemmed from Richard Price's failure to inform that state board about his suspension from practice by the Internal Revenue Service's Office of Professional Responsibility from May 1, 2002 through April 2005 for failing to file his personal tax return in a timely fashion. Price and the firm also admitted practicing public accountancy without valid permits during periods in which the licenses were delinquent. Those periods were March 1997 through April 2002, March 1 through November 5, 2003, and March 1 through April 19, 2005.

California required Richard A. Price to achieve a score of 90 percent or better on an ethics examination and to complete 24 hours of continuing education courses. He and the firm were also required to pay $12,964.99 to reimburse the board for its investigation and prosecution costs.