Business Services Industry
The right steps to regulate CPAs.(certified public accountants)(Brief Article)(Editorial)
Crain's New York Business, April, 2002
New york legislators want to do something about the Enron mess, and they should-by overhauling state regulation of the accounting profession to raise standards. Consider this: Only one of the 50,000 accountants in the state last year lost his license for professional misconduct. Unfortunately, as is all too often the case, legislators are planning to do the wrong thing.
The wrong steps are embodied in bills that would variously prohibit either New York companies or local governments from hiring auditors for any other task. While there is a growing consensus that the other work done by auditors should be limited, the issues are complex. Small companies and single proprietors rely on their accountants as business advisers. The power of such state laws to...
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