Academic journal article Journal of Accountancy

Chenok Will Not Seek Reelection as AICPA President

Academic journal article Journal of Accountancy

Chenok Will Not Seek Reelection as AICPA President

Article excerpt

After 15 years in office, Philip B. Chenok will step down as American Institute of CPAs president when his current term expires on June 30, 1995.

Chenok told the Journal he approached the end of his term with mixed emotions. "On the one hand," he said, "the Institute has been a large part of my life for a very long time, and there's a sadness about not being a part of its day-to-day administration in the future. On the other, I'm looking forward to doing some other things I've always wanted to do."

Chenok intends to vigorously pursue three major goals he set for the final year of his term. "First, I want to rally support for the Dodd bill in the Senate and achieve liability reform. My second goal is to complete the first cycle of a collaborative strategic planning effort with the state societies. Finally, I will work with the AICPA board of directors in any way I can to help ensure an orderly transition to the next president."

Looking back, Chenok recalled the objectives he set on assuming the AICPA presidency in 1980:

1. Improve the quality of practice. The six proposals of the Plan to Restructure Professional Standards approved by the membership in 1987 were described as the most profound change in professional conduct standards ever submitted to the membership. …

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