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.


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