CPAs in Congress? Who Knew?

Brad Sherman (D-CA) and Michael Conaway (R-TX) announced the founding of the Bipartisan Congressional CPA Caucus in the US House of Representatives. Sherman and Conaway will co-chair the caucus, which also includes five other Republicans (three of whom are newbees) and Democrat Collin Peterson of Minnesota (wow, at least eight CPAs in Congress). The caucus, which will be informal, will attempt to discuss and promote a CPA perspective on tax administration, accounting and auditing standards and budget issues.

I congratulate and commend the CPA caucus and hope that they can influence both parties towards fairer tax administration, balanced accounting standard-setting and more reasonable spending budgets.