Annual Report of Ethics Division Investigation Activity.

        January 1 - December 31, 2000
        January 1 - December 31, 1999

The following is a statistical report from the Professional Ethics
Division of investigation activity for the years ended Dec. 31,
2000, and 1999. The AICPA and state CPA societies participate
in the Joint Ethics Enforcement Program. This report includes
investigations conducted by state societies resulting in findings
of ethics code violations.

                                                   AICPA
                                              Ethics Division

                                            2000          1999

Investigations open at start of period:

Active                                      474            489
Deferred - Litigation                       149            145
                                            623            634

Add: Investigations opened
      during period                         247            262
                                            870            896

Less: Investigations closed
       during period                        250            273
                                            620            623

Investigations open at end of period:

Active                                      465            474
Deferred - Litigation                       155            149
                                            620            623

Summary of Disposition of Closed Cases(*)

Trial Board                                  10              5
Settlement with Publication                  21             54
Letter of Required Corrective Action         51             76
Settlement without Publication                2             --
No Violation                                 82             65
Complaint Dismissed                          34             25
Investigation Discontinued                   19              2
Complied with Follow-up                      19             31
Transfer/Return to State Society              1              3
Automatic Termination                         8             11
No Jurisdiction                               3              1

                                            250            273

(*) Letters of required corrective action, settlement agreements and
trial board decisions usually require respondents to attend certain
CPE courses and thereafter submit examples of their work products for
ethics division review. At Dec. 31, 2000, and 1999, there were,
respectively, 172 and 162 case investigations being monitored for CPE
attendance and follow-up review.