Accountants And Accountability

As a former chairman of the board of partners of Andersen Worldwide and as one who spent 37 years in the accounting profession, I take issue with Arthur Levitt Jr.'s comments as reported in "Accounting Wars" (Cover Story, Sept. 25). In my experience, Levitt's remarks about the profession's being oblivious to public interest, independence, and full disclosure are off-base. Almost from the day I began with Arthur Andersen and throughout my career, the responsibilities of practicing professionals were constantly emphasized and reinforced in training, in practice, and in guiding the difficult decisions that auditors are constantly faced with.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.