For an industry that plodded along fairly unchanged since the turn of the century, the world of accounting has experienced some tectonic shifts in the past decade. As the memories of Enron, WorldCom, and Arthur Andersen begin to fade and the industry, especially the portion occupied by the Big Four, rebuilds investor trust, accounting doesn't appear to be returning to its staid, old bean-counter roots. Well, at least not entirely-auditing is auditing and tax season will surely outlive us all. But the face of accounting has changed. Its role in business, particularly big business, is much more complex. The industry is being forced to redefine itself and not just to satisfy the new federal regulations.Read more