Price's issues involved the financial statements for the year ended Dec. 31, 2004 through the quarter ended June 30, 2007. The SEC found Price's actions to be unreasonable in failing to properly plan and document the audit, supervise assistants or review interim financial information. He was also fault for failing to obtain sufficient evidence about bonuses, revenues and cost of revenues regarding the client's 2004, 2005 and 2006 audits

The CPA remains on probation through March 2016 with the California Board of Accountancy. Price began working with Orange County, Calif.-based KMJ in September 1998, but was a manager with Squar Milner from 2001 through 2004.