Finds Ethics Rulings' Language Disturbing


I was appalled when I read the new ethics rulings no. 107 and no. 108 (JofA, May98, page 117). The inclusion of the word "cohabitant" in the rulings suggests that the AICPA approves of immoral behavior. If this is true, it will damage the reputation of the CPA profession.

Grover L. Porter, CPA, Ph.D.
Professor of Accounting
University of Alabama
Huntsville, Alabama

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.