Hearing underway for controversial CPA license reinstatement

The California Board of Accountancy convened to hear the petition for reinstatement of Larry Wayne Harmon, whose CPA license was revoked in 2013 following a felony conviction related to fiscal dishonesty. This marks Harmon’s second attempt at reinstatement, with his previous petition denied in 2018.

During the hearing, Mr. Harmon represented himself and was informed of the straightforward procedure. The board, led by Mr. Durkar, reviewed a comprehensive 73-page petition packet detailing Harmon’s case. The board's primary concern centers on Harmon’s rehabilitative efforts since his disciplinary action.

Harmon’s license was surrendered after he was found guilty of submitting a fraudulent claim to the California Board of Equalization, seeking a $4.6 million refund on behalf of a fictitious company. He admitted to all charges during the surrender process. In his petition, Harmon expressed a desire for reinstatement to eventually retire his license and use the title CPA, although he does not intend to practice again.

Harmon highlighted that it has been 13 years since his arrest and ten years since his release from incarceration, and he has since had his criminal record expunged. However, the board noted that even if reinstated, Harmon would not qualify for CPA retired status immediately due to specific eligibility requirements, including a minimum of 20 years of licensure.

The board also reviewed additional concerns regarding Harmon’s past license history in Washington, where he faced issues related to non-disclosure of his disciplinary history during a renewal application. The hearing concluded with no objections to the evidence presented, and the board members will deliberate on Harmon’s petition before making a decision.