Professional Responsibility Comes First

BY CHARLES TODER

I disagree with the points made in “ Pay for Performance ” ( JofA, Jun.02, page 24).

The goal of partner compensation should not be “to inspire the most profitable performance.” Profits are good, but only after assuring each partner diligently exercises his or her professional responsibilities. Partners who accept substandard financial reporting or auditing may for awhile have very profitable performance, but they jeopardize their careers, their firms and our profession.

Charles Toder, CPA (retired)
New York City

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.