PARAMESWARA K. RAMACHANDRAN, Hamilton, NJ, was suspended from membership for two years, effective August 8, 2023, under the provisions of NYSSCPA bylaws Article XIII - Professional Conduct and Disciplinary Proceedings, Section 5, Automatic Discipline. The action was based on the Public Company Accounting Oversight Board's (PCAOB) Release No. 105-2023-021, "Order Instituting Disciplinary Proceedings, Making Findings, and Imposing Sanctions". Through an Offer of Settlement, which was accepted by the PCAOB, in which Ramachandran neither admitted or denied the findings, except as to the PCAOB's jurisdiction, he was barred from being an associated person of a registered public accounting firm, and may file a petition with the PCAOB, after two years from the date of the Order, for PCAOB consent for reinstatement as an associated person. In addition, a civil money penalty of $150,000 was imposed on Ramachandran. The PCAOB found violations of PCAOB rules and related professional standards by Ramachandran as the engagement partner on two audits. Violations included failure to obtain sufficient appropriate audit evidence. The PCAOB's Order can be found here. (Published October 2023).