Wolf, Michael R. of King of Prussia, PA

As a result of an investigation of alleged violations of the AICPA Code of Professional Conduct, Mr. Wolf, with the firm Hill, Barth & King LLC (a.k.a. HBK CPA’s and Consultants), entered into a settlement agreement under the Joint Ethics Enforcement Program, effective March 9, 2026.

Information came to the attention of the Ethics Charging Authority (ECA – AICPA Professional Ethics Executive Committee) in the form of a Consent Agreement and Order from the Pennsylvania State Board of Accountancy (state board order) alleging a potential disciplinary matter with respect to Mr. Wolf’s failure to comply with the board’s requirements in that he engaged in the practice of public accounting in the Commonwealth of Pennsylvania without holding a current license.

The ECA reviewed the allegations in the state board order, Mr. Wolf’s responses to the ECA’s inquires, and other relevant documents Mr. Wolf submitted to support his response. Based on this information, there appears to be prima facie evidence that Mr. Wolf violated the following rules of the AICPA Code of Professional Conduct:

Violations

Acts Discreditable Rule (1.400.001)

Mr. Wolf performed attest services while his Certified Public Accountant license was expired from January 1, 2022 through February 6, 2023.

Use of the CPA Credential (1.400.100)

Mr. Wolf failed to comply with the Pennsylvania State Board of Public Accountancy’s requirements on use of the Certified Public Accountant credential from January 1, 2022, through February 6, 2023.

Agreement

In consideration of the ECA forgoing further investigation of Mr. Wolf’s conduct as described above, and in consideration of the ECA forgoing any further proceedings in the matter, Mr. Wolf agreed as follows:

1. To waive his rights to further investigation of this matter in accordance with the Joint Ethics Enforcement Program (JEEP) Manual of Procedures.

2. To waive his rights to a hearing under AICPA bylaws section 7.4.

3. To neither admit nor deny the above specified charges.

4. To his admonishment by the AICPA.

5. To comply immediately with professional standards applicable to the professional services he performs.

6. That the ECA shall publish his name, the name of his firm, the charges, and the terms of this settlement agreement.

7. That the ECA shall monitor his compliance with the terms of this settlement agreement and initiate an investigation where the ECA finds there has been noncompliance.