Enron Affects All CPAs

BY STEVEN EDELMAN
August 1, 2002

What was the most significant event to affect the profession in the past 50 years? It was the disclosure of Enron’s massive manipulation of its financial reporting and the fall of one of the nation’s most prominent and respected CPA firms.

It has had a profound effect on me as a CPA, and is an event that affects every CPA, whether in public or private accounting, the academic or nonprofit world—even students deciding whether they want to join our profession.

Given the importance of the Enron debacle, why has the JofA, the profession’s leading publication, given it so little editorial attention? What limited attention the story has received reflected a legal tone, rather than the substantive analysis of a CPA.

What else can I say, other than that I am surprised, disappointed and a bit embarrassed.

Steven Edelman, CPA
New York City

PROFESSIONAL DEVELOPMENT: EARLY CAREER

Making manager: The key to accelerating your career

Being promoted to manager is a key development in a young public accountant’s career. Here’s what CPAs need to learn to land that promotion.

PROFESSIONAL DEVELOPMENT: MIDDLE CAREER

Motivation and preparation can pave the path to CFO

CPAs in business and industry face intense competition to land a coveted CFO job. Learn how to best prepare yourself for the role.

PROFESSIONAL DEVELOPMENT: LATE CAREER

Second act: Consulting

CPAs are using experience to carve out late-career niches. Learn how to successfully make a late-career transition to consulting, from CPAs who have done it.