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Jerry Goldman States Accountants Are Conservative By Nature

Speakers for this podcast

  • Partner , Ernst & Young
  • male
  • Caucasian
  • 1950 (Age: 74 years old)

Biography

Jerry Goldman is a senior tax partner at Ernst & Young. Goldman began his career in audit at Arthur Young before swtiching to the tax field. Arthur Young merged with Ernst and Whinney in 1989 to become Ernst & Young.

Jerry Goldman received his underegraduate degree from Cornell University and his MBA from the Wharton School at the University of Pennsylvania.

Well accountants are conservative by nature and our role is to be conservative by nature and because of that the accounting principles have adopted a historical cost basis approach. We don't anticipate appreciation in assets. We worry about detrimental impacts on the historical cost. So as a gene...(Full transcript available to logged in subscribers.).

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