November 1998 Issue


On December 17, 1998, The CPA Journal and the New York State Society of CPAs will sponsor a symposium entitled, "The CPA and Independence: Facing the Challenge." The program will be held in New York City and run from 8:30 a.m. to 12:00 noon. William T. Allen, chair of the Independence Standards Board; Isaac C. Hunt, Jr., SEC commissioner; Robert Elliott, vice chair of the AICPA; A. A. Sommer, Jr., chair of the Public Oversight Board; Robert Bayless, associate chief accountant of the SEC; and Arthur Siegel, executive director of the Independence Standards Board, have agreed to participate. Gary Previts, professor and author, will moderate the symposium. Invited participants are representatives from the Association for Investment Management & Research, the Financial Executives Institute, the plaintiff's bar, and the AICPA ethics committee.

The purpose of the symposium will be to examine recent challenges to auditor independence and effectiveness, the plans and progress to date by the Independence Standards Board to address these challenges, and the recent initiatives by the SEC and the financial community in response to the SEC's concerns. The invitation-only audience of leaders in the profession, financial press, and other interested parties will be given an opportunity to ask questions of the panelists. More information about the program can be found at the Society and CPA Journal websites ( and *

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