Відео

In 2002, I expressed my disappointment in AICPA’s lack of advocacy for their members at Arthur Andersen who became unemployed and vilified when Arthur Andersen was put out of business immediately upon the DOJ indictment for the destruction of draft work papers for the Enron audit. Barry Melancon called me to explain the reason why they’ve been silent was to avoid the reinforcing members’ perception that the AICPA favors the Big 5 firms. While I appreciated his candor and taking the time to call me, a lowly senior associate CPA, I’ve remained bitter towards AICPA ever since. Jackie Spinner of the Washington Post reported that in February, 2002 Congressman Billy Tauzin (R-LA), Chairman of the House Committee on Energy and Commerce, met with representatives of the Final Four accounting firms (Deloitte & Touche, KPMG, PricewaterhouseCoopers and Ernst & Young). Over a lunch of crabcakes in a crowded restaurant overlooking what is known as the “Suicide Bridge,” they agreed to “push Andersen off the bridge” A government official conspiring with businesses to destroy a competitor could be considered racketeering subject to the RICO statutes. At the very least, such Mafia tactics are prohibited by the ethics requirements of state CPA regulators and professional associations. The American Institute of Certified Public Accountants (AICPA) Code of Conduct states that “a member shall not commit an act discreditable to the profession” (AICPA Code of Conduct, ET Section 501). Further, “a member in public practice shall not seek to obtain clients by advertising or other forms of solicitation in a manner that is false, misleading or deceptive. Solicitation by coercion, over-reaching or harassing conduct is prohibited” (AICPA Code of Conduct, ET Section 502). Most of America stood silent while the lives and livelihoods of 85,000 employees and over 5000 retirees and their families were irreparably damaged. Many Americans laughed. Others cheered. What did AICPA do to help? Nothing.

can't hear him too good

Hey thank you for the great advice.Email sent

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