Are the days of the big accounting firms numbered?
In his the latest edition of his newsletter, the veteran accounting journalist and commentator Art Bowman says… We go through cycles of self-delusion, sometimes too giddy and sometimes too glum. The next recovery lies in the ruins of the last recession. Free markets require rules. Without laws and courts, the market wouldn’t be free, it’d be chaotic. These are among the institutions that help create and safeguard great corporations. Measuring the success and failures of free markets often falls to CPAs. We’ve heard the call before and here it is again: We must hold ourselves above the fray, do our jobs to the best of our professional abilities with little regard for our personal rewards. It is our duty, our contribution to stability when others seek to cause chaos.
