About the CPA Designation

BY JAMES REEVES

In “Steering a Course for the Future” ( JofA , Nov.99, page 35), Chairman Robert Elliott debates the need to alter the breadth of the CPA license or membership requirements for the AICPA. He suggests that if we had, over the years, broadened our concept of the CPA, engineering, computer science and law professionals would now be CPAs.

I am concerned that widening the CPA designation to include nonaccounting professionals could be detrimental to the profession. As the designation stands, our clients and the general public have an understanding of the specific qualifications and experience the CPA brings to a task. That would change if the concept of the CPA was expanded. If I needed an attorney, I would hire an attorney, not a CPA.

James Reeves, CPA
Madison, Wisconsin

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.