Major economic events forced the profession to standardize and accept government oversight.
: The introduction of federal income tax in 1913 caused the demand for Certified Public Accountants (CPAs) to grow exponentially. accounting
: IBM released its first business computer in 1952, and accountants were among its earliest adopters. The Digital Era: Cloud and Beyond (1990 – Present) Major economic events forced the profession to standardize
: Ancient Egyptians documented grain in state granaries using papyrus scrolls and developed early auditing systems to prevent fraud and waste. accounting