American Institute of CPAs’ Chairman Bill Ezzell hit the ground running this week, urging the Securities and Exchange Commission – in the strongest terms – to keep standard-setting within the profession.
His argument is the misapplication of standards – and not the standards themselves – appear to have been to blame for the accounting scandals now roiling the profession, and that handing such a weighty task to non-accountants is akin to handing a surgeon’s scalpel to someone who hasn’t been in an operating room for 10 years.
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