Deloitte man to head up US institute

Link: AICPA looks to restore investor confidence

He takes over the one-year post from James Castellano and said the theme of his chairmanship would be the restoration of the reputation of the accounting profession.

‘There is no excuse for failing to live up to the standards of the profession,’ he said. ‘We all know we can do everything right and still not do the right thing.’

The AICPA, the leading professional body in the US, has lost some of its Washington lobbying power in the wake of the accounting scandals of the last 18 months.

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