Academic journal article Journal of Accountancy

A.A. Sommer Jr. Dies, Leaving a Legacy of Commitment

Academic journal article Journal of Accountancy

A.A. Sommer Jr. Dies, Leaving a Legacy of Commitment

Article excerpt

Alphonse Adam Sommer Jr. (1924-2002), a former SEC commissioner and prominent securities attorney, died on January 14, ending a long career of public service and professional achievement. While serving on the commission, the Public Oversight Board, the Financial Accounting Standards Advisory Council (FASAC) and the AICPA board of directors, he substantially influenced the accounting profession and helped bring important regulatory innovations to the securities markets.

AICPA President and CEO Barry C. Melancon said, "Although Al Sommer wasn't a CPA he was committed to the profession and had an enormous impact on it. He also devoted much energy and leadership to the public interest--always managing to find the right balance on complex issues. We will sorely miss him."

Former AICPA President Philip B. Chenok said, "Al was a true professional and gentleman. He brought a unique perspective to our consideration of many difficult issues during the time he served the Institute and the public in varied capacities."

Early in his tenure as POB chairman (1986-99), Sommer spoke of the growing number of U.S. business failures (see "New POB Chairman," JofA, Dec. 86, page 152). He attributed the trend to corporate fraud, business leaders' poor risk management and government's deregulation of industry. …

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