Enron Affects All CPAs


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


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.