Accountants And Politics in Election Year 2002

If you are curious to know how much the accounting firms are giving to political campaigns this year and how the funds are being spent, a new web site will rack and stack the numbers and even allow you to drill down to the contributions made by individual partners and staff members.

The Web site is opensecrets.org. It is maintained by the Center for Responsive Politics.

The top contributors in the accounting industry this year are Ernst & Young (EY) and Deloitte & Touche (D&T) ranked Number 1 and Number 2 respectively, the same as in the last election year cycle (1999-2000). KPMG moved up into the Number 3 spot, and PricewaterhouseCoopers (PwC) moved down a notch to Number 4. Other firms that ranked among the top 20 contributors include Gibbons & Kawash, Rothstein Kass & Co., Marks, Paneth & Shaon, and Gelman, Rosenberg & Freedman.

More volatility was noted in the amounts collected by accounting political action committees (PACs) this year. Donations through the end of August to the PAC run by D&T were $2.1 million, up 32% from the prior election year. EY had collected $1.2 million, and KPMG, $1.6 million, up 83%. In contrast, donations to the PAC run by PwC were $0.9 million, a drop of 34%, and AICPA collected $0.8 million, a drop of 43%.

The top recipients for the accounting industry overall were Charles Schumer, Michael Enzi, Max Baucus, Michael Oxley, and Norm Coleman in that order. Top PAC recipients were Michael Oxley, W. J. "Billy" Tauzin, Mike Ferguson, Norm Coleman, and Dennis Moore in that order.

The search page to look up individual contributors is located here.

-Rosemary Schlank

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
ADVERTISEMENT

This Week on AccountingWEB

Russ Wilson of Moss Adams talks with us about the firm's collaboration with WWU in educating and developing talented accounting and business professionals.
Plante Moran CPAs Gordon Krater, Alicia Sturtevant, and Susan Perline spoke with AccountingWEB about the firm's Women in Leadership initiative.
Jeff Thomson, CMA, president and CEO of the IMA, talks with us about the 2013 jobs market for accounting professionals.
Todd Lisle of BKD LLP and Amy Welch of OSCPA share their stories of helping tornado victims in Moore, Oklahoma.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT