Past Present and Future of Accounting

By cbardon
  • Dec 4, 1494

    Beginning of Accounting (Double-entry jounral) by Luca Pacioli

  • American Association of Public Accountants was created

    They issued certificates based on the people's certificates

  • Certified Public Accountant (CPA) test was created

  • The Securities and Exchange Commission (SEC) was created

    This agency works to supervise and enforce effiency in the marketplace, and to protect investors.

  • The idea of GAAP is established

  • Financial Accounting Standards Board (FASB)

  • The international Accounting Standards committee is created

  • Sarbanes-Oxley Act

    Was passed after Enron Scandal