A Historical Episode of Professional Skepticism: Looking Back at the Thomascolor Case

A Historical Episode of Professional Skepticism: Looking Back at the Thomascolor Case

Authors

Published

The CPA Journal, 7 ed., vol. 86, pp. 2--22, July (3rd Quarter/Summer) 2016

Website

http:// cpaj.com

Abstract

Following WW2 as technological applications began to appear across the economy, the need to objectively evaluate their worth at the time of initial application challenged the status quo of practice. This episode relates the regulatory response to one such instance.