Proud of Public Accounting Background


I must take issue with the letter “ Retention of CPA Employees ” ( JofA , Aug.03, page 14). If I understand the position taken by the letter writer, it is that the (public) accounting profession has driven away its employees by lack of training and expecting them to “put up” with whatever was thrown at them.

I am currently a CPA in industry with 18 years experience, including 4 years in public practice. The experience gained during my first 4 years in public accounting laid the foundation for the following 14 years of service in private industry. My public accounting experience clarified and cemented the principles taught in college. It gave me mentors to look up to and respect and taught me the value of integrity, hard work and paying my dues. I continue to maintain my license although I no longer practice—I am proud of the accomplishment, and I’m proud to be a part of the CPA community and what it still represents.

Kenneth J. Moffitt, CPA
Flint Auto Auction Inc.
Flint, Michigan


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.