Profession Loses Two Influencers


Walter Edward Hanson, former chairman of KPMG, died Sept. 24 at age 84, in Newport Beach, Calif.

 

In 1983, he was awarded the AICPA’s Gold Medal Award of Distinction, the profession’s highest honor, which recognizes a person whose influence on the accounting profession as a whole is especially notable in comparison to other industry leaders.

 

Following his retirement in 1980 from KPMG, he was a director for many companies including CIGNA Corp., Fidelity Investments, Chesebrough-Ponds, and Insurance Company of North America.

 

Also, Paul Kolton, a former president of the American Stock Exchange and winner of the AICPA’s Medal of Honor, died Oct. 27 at age 87 in Stamford, Conn.

 

Kolton also served on many boards, including FASB. He was an AICPA public board member, and in 1999 received the Institute’s Medal of Honor, which recognizes an individual who is not a CPA whose work has had a significant impact on the profession.

 

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

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.