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- Title
WHY RESEARCH?
- Authors
Penney, Louis H.
- Abstract
The Council of the American Institute of Certified Public Accountants, at its 1959 Spring meeting, approved a new accounting research program, which is now being implemented. The program includes an Accounting Principles Board of eighteen, who have been elected by Council for staggered three year terms. This enlarged program replaces the activities of the committee on accounting procedure which goes out of existence at the end of the Institute's current fiscal year after twenty-one years of active and meritorious service to the accounting profession. The number of CPAs in the United States has more than tripled during the last 20 years. At the same time, the stature of the CPA in the eyes of the public and the extent of his recognition as a professional man has increased even more. It is in the audit function that the CPA makes the greatest use of his professional skill and his specialized knowledge, gained from his years of study and experience. Here is where his reputation is placed at stake as he lends his name to financial statements to increase their credibility.
- Subjects
UNITED States; ACCOUNTING; ACCOUNTANTS; AUDITING of corporations; AMERICAN Institute of Certified Public Accountants; FINANCIAL statements; AUDITING; UNITED States. Securities &; Exchange Commission; ACCOUNTING departments
- Publication
Accounting Review, 1960, Vol 35, Issue 1, p1
- ISSN
0001-4826
- Publication type
Article