In general, CPAs have enjoyed an untarnished image and have been known and respected for their honesty. Although CPAs have long and rightfully had a reputation for integrity and competence, recent scandals have damaged that reputation and diminished confidence in the accounting profession. CPAs working as comptrollers or Chief Financial Officers have received unfavorable recognition due to financial transgressions in recent times. The misfortune of David Duncan, the lead audit partner at Arthur Andersen on the Enron account, indicates the dire consequences accountants may face under professional responsibility guidelines. Other examples of not-so-notorious disciplinary proceedings can be found on the websites of the SEC, accounting societies, and licensing authoritie View the rest of this article
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