U.S. Reps who are also CPAs call for Comptroller General to be a CPA too

A bipartisan effort has resulted in legislation that could require the next comptroller general to be a CPA.

Rep. Collin Peterson, D-Minn., and Rep. Mike Conaway, R-Texas, introduced the legislation calling for the head of the Government Accountability Office (GAO) to be a CPA with significant experience in government, auditing, and accounting, according to the Federal Times.

Peterson and Conaway are both CPAs. The American Institute of Certified Public Accountants (AICPA) supports the move and applauded Peterson and Conaway for their foresight in introducing the legislation on a bipartisan basis.

“Taxpayers are rightly demanding ever-increasing accountability and transparency from the U.S. government,” said AICPA President and CEO Barry Melancon. “It is essential that the comptroller general have the education, skills, background, training, and discipline of a CPA.”

The comptroller general serves a 15-year term. According to the AICPA, the comptroller general position has been vacant since March 2008 when former Comptroller General David Walker, who is a CPA, resigned to become president of the Peter G. Peterson Foundation. The previous comptroller general, Charles Bowsher, also is a CPA. Bowsher was appointed in 1981 and served a full term of 15 years. To ensure the position’s independence from political influence, the comptroller general cannot be recalled from office except by act of Congress.

The acting comptroller general is Gene Dodaro, who is not a CPA but he has a bachelor's degree in accounting from Williamsport, Pennsylvania's Lycoming College. He is a fellow of the National Academy of Public Administration and a member of the Association of Government Accountants.

The GAO states that its mission is to support the Congress in meeting its constitutional responsibilities and to help improve the performance and ensure the accountability of the federal government for the benefit of the American people.

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

Brian Fox, CPA, founder and CMO of Confirmation.com, explains how the company's electronic audit confirmation service helped the FBI uncover a $6 million fraud scheme.
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.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT