A CPA’s Anguish

BY MARVIN SMITH

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
Denver

SPONSORED REPORT

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.