The Accountant's Role in Out Present Economy.

Abstract The article focuses on the role of the accountants in the present economy and his role in the expanding defense program. In author's references to the accountant, he is referring to him in both public practice and private employment, since the author sincerely believes that every real accountant is, broadly speaking, a public servant. He renders a public service by seeing to it that accounting data disseminated to the public fairly presents the financial facts of the business or activity involved. Recognition of this responsibility by accountants themselves will serve to establish their professional status. The accountant's knowledge of business and financial matters and his reputation for integrity equip him to exercise economic and ethical leadership so greatly needed in today's society. As a tool of management, in industry, and in government, the accountant must now, more than ever before, measure up to the highest professional standards. The present day problems facing business present a challenge to the accountant, which he cannot safely ignore, to be of greater service to his client and to his country.