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094712 1 (1978-05-20)

handle is hein.gao/gaobadxqq0001 and id is 1 raw text is: 

                                                              /

                UNITED STATES GENERAL ACCOUNING OFFICE
                        WASHINGTON, D.C. 20548


                                              FOR RELEASE ON DELIVERY
                                              EXPECTED AT
                                              SATURDAY, May 20, 1978
                                                                                1-

                              ADDRESS BY
                            ELMER B. STAATS
                COMPTROLLER GENERAL OF THE UNITED STATES
                UNITED STATES GENERAL ACCOUNTING OFFICE
                             BEFORE THE
                    FINANCIAL EXECUTIVES INSTITUTE -



                      THE ACCOUNTING PROFESSION
                   FEDERAL REGULATION AND PAPERWORK


     No one among us can possibly be unaware of the turmoil that has

dominated the national scene for the last 10 years. We have undergone and

survived the riots and demonstrations of students and other groups on our

campuses and in our cities. We have undergone the agony of Southeast Asia

and Watergate, and have survived the rejection of two successive presidents

and the defeat of a third at the polls. We have witnessed a continuing

parade of disclosures of actions and practices in Government and the busi-

ness world of bribery, theft, embezzlement, incompetence, and whatever.

     And in this latter situation, a great deal of the blame has come to

rest in the lap of the accounting profession. This even though there is

no clear understanding of just who and what is included in the accounting

profession, and no clear understanding of why some other persons and groups

are excluded.

     It is not my purpose this morning to resolve that mystery but I am

going to assert a few definitions and boundaries so you will know where I

am coming from.

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