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First JofA and today.


In a reprint reprint An individually bound copy of an article in a journal or science communication  of the first issue of the JofA in 1905 (JofA, Jan.05, page 12) the first paragraph citing the growth of the profession and the trend toward periodic audits by CPAs noted, "Banks, trust companies and insurance companies have more recently adopted the same plan as a guarantee of security to depositors and policyholders, and the best method of protecting against fraud."

It seems the public expectation in 1905 that audits should protect against fraud existed before most states had passed public accountancy acts. Who has the wrong expectation of audit scope? Is it the public or the profession? Maybe it is time to stop complaining that too much is expected and just find a way to deliver the service.

Joe von Bose, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  

Corporate Manager of Accounting Operations

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Grand Prairie, Texas This article is about the city in Texas. For the city in Alberta, Canada, see Grande Prairie, Alberta.

Grand Prairie is a city in Dallas County (USA), with a significant overlap into Tarrant County, and a minor overlap into Ellis County.
 
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Title Annotation:Letters
Author:von Bose, Joe
Publication:Journal of Accountancy
Article Type:Letter to the Editor
Date:Apr 1, 2005
Words:139
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