While the accounting profession's biggest political action committees lost their main bet on Election Day, they can hope to recoup some of their losses from their side bets in the Senate.
PACs from the biggest public accounting firms and the profession's main membership organizations had put their money almost 4:1 on Governor Mitt Romney for president (see "Accounting's PACs Back Romney"), so his defeat in the national race was a disappointment. But in the Senate, where the profession's contributions were less partisan and more widely spread (see our slideshow on "Accounting's Favorite Candidates"), they did much better.
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