Bob Martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements of his employer, Jones Consulting, LLC, a private company. Which situation is the least likely result of the state boards action?

a. The state board could suspend or revoke Bobs CPA license.

b. Bob could lose his membership in the AICPA or a state CPA society.

c. Bob could become subject to significant legal liabilities.

d. The SEC could fine Bob.