On Accountability, Rules and Integrity

BY ROSALIE J. GERDING

Thank you for publishing the special bulletin “ To the Members of the AICPA ” from James G. Castellano and Barry C. Melancon (JofA, Mar.02, page 15).

I was relieved to read my profession’s official stance is that AICPA members will be held accountable for their actions: “The profession has zero tolerance for any CPA who does not adhere to the rules that are the hallmark of our reputation.”

However, it seems to me that additional rules, regulations, and guidelines are not really needed. Those of us who are among the “hundreds of thousands of CPAs [who] do their jobs every day with nothing but the highest level of integrity” follow the rules that already are in place to evaluate whether our independence could be compromised and immediately step away from a situation in which our independence and objectivity even appear to be compromised.

More rules won’t stop those CPAs willing to compromise integrity in the name of profit. Perhaps swift and harsh punishment would. I hope the AICPA does not shirk its duty to the rest of us.

Rosalie J. Gerding, CPA
Gerding, Korte & Chitwood
Columbia, Missouri

SPONSORED QUIZ

How well do you know small business?

There are over 30 million small businesses in the U.S., and many of them are optimistic in their outlook. Are you familiar with the obstacles and opportunities they are facing? Test your small business acumen with this quiz sponsored by Chase Ink®.

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income, the higher standard deduction, and the cap on the deductibility of state and local taxes.