Standards Authority Honored.

The Accounting Hall of Fame has named Arthur R. Wyatt its 61st member. Wyatt spent the early part of his career teaching at the University of Illinois, where he received his PhD in 1953. He became a full professor and wrote books and articles, including a study of accounting for business combinations now considered a classic. He entered public accounting in 1966 at Arthur Andersen, where he rose to partnership in 1968, eventually becoming head of the firm's accounting principles group.

The AICPA appointed him to AcSEC in 1973 and he was the committee's chairman from 1977 to 1979. He served on the Institute's board from 1980 to 1984. A year later he became a member of FASB. Turning his attention to international standards, he represented the United States at the IASC and was its chairman from 1990 to 1993. After his 1992 retirement from Andersen, he returned to teaching at the University of Illinois.

Daniel L. Jensen, Deloitte & Toucke Professor of Accounting at Ohio State University's Fisher College of Business, who is the Accounting Hall of Fame committee chairman, made introductory remarks at Wyatt's induction: "A man of principle and conviction, known for his independence and clear thinking, he helped shape the accounting profession in both national and international spheres through distinguished careers in both academe and accounting practice."