Abstract This article focuses on the changes in the practice of accounting profession in the U.S. The accounting profession is almost 100 years old in this country. Fundamental changes have been occurring in the accounting profession that threaten its cohesion and sense of purpose. A perverse self-interest has come to dominate the traditional interest in the welfare of the profession and the competitive edge in professional practice has become sharper. The economic realities, in a market dominated by the push for growth, have driven firms in the direction of expanding the scope and magnitude of their non-audit services.
Stephen A. Zeff (Mon,) studied this question.