A CPA’s Anguish


My pride in the accounting profession has been severely injured as a result of the recent reports relating to Enron and WorldCom.

An auditor should be inquisitive, dig into financial transactions and ask questions. I received my CPA certificate in 1951, and I do not believe my generation would have allowed what has happened to our profession.

I wonder if the hurt will ever be healed.

Marvin Smith, CPA


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.