CPA Shadowed by Cognitor
Re: AICPA's Plan for Global Business Designation Forges Ahead
From: Andrew Blackman, AndyPFS@aol.com

The officers at the American Institute of CPAs, or "tutee" as I call them, are simply going to line their pockets with profits mined off of the goodwill CPAs hold. In the end CPAs may even look bad and lose the goodwill that took many years to earn. We will end up with nothing; none of the profits the officers reap and a tarnished image or none at all. 

Think about what is being done. If "Cognitor" (what Prozac-driven brain came up with that moniker anyway?) is to become the "brand", who is going to even recall in a few years what it is a CPA does or stands for? As Alan observed, the officers at the "tute" seem to have plenty of money to spend on what "they" perceive as important, but will not even allow their members to raise their own money for things that is important to members. 

If we had the money for PFS that has already been spent developing this COGNITOR CRAP think of where we might be. Is it not time we stand up for what we believe in? Do we simply watch while a group of people with self-serving agendas kill off the CPA brand and continue to stifle any remaining chance for PFS? 

I know "they" will say we have it all wrong, but the Cognitor stuff is meaningless for the average CPA financial planner or similar small to modest size firm practitioner. Who benefits from this initiative besides the officers? Would it not be easy to say that national and international firms stand to reap the most benefits? 

Does anyone else feel we have already been sold out ... long ago ... and if we continue to sleep at the switch we will all one day awake as former CPAs?  Who else is feeling disenfranchised?

Dec. 20, 2000