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William W. Werntz adopted by the executive committee of the American Institute of Certified Public Accountants RESOLVED, That the executive committee of the American Institute of Certified Public Accountants record its deep sorrow on the death of William W. Werntz on November 19, 1964. Mr. Werntz had been given much — a keen, wide-ranging mind, an ability to isolate the essential elements in even the most complex problems, a sensitivity to the human factors involved in any situation, and a conscientious spirit which led him to commit himself fully to causes that won his allegiance. Because he was so richly endowed, he had much to give — and, he gave it freely, without thought of himself. He established a proud record in education, serving on the faculties of Yale University, George Washington University, and the Wharton School at the University of Pennsylvania, and acting in an advisory capacity to Columbia University, Rutgers University and Pace College. He earned further honors during more than a decade on the staff of the Securities and Exchange Commission, particularly as Chief Accountant of the SEC. Shortly after becoming a partner in the accounting firm of louche, Ross, Bailey & Smart in 1950, he began an almost continuous period of service to his profession through participation in the work of the Institute. He was chairman of the committee on accounting procedure for three years, and served on the Council, Trial Board, as a member of the executive committee of the Commission on Standards of Education and Experience for CPAs, on the special committee which designed the Institute's expanded program of accounting research, and on a half dozen other committees. While fulfilling these commitments, he also enriched the profession's literature with speeches and articles of unusual depth and perception — contributions which are certain to be consulted by accounting researchers for years to come. Despite all of these professional obligations, he was still able to serve as a member of the Borough Council of his home town of Glen Ridge, New Jersey, and as chairman of the auditing committee of his church —where his common-sense wisdom was deeply appreciated. In view of his willingness to give so much of himself in the service of others, it is tragically fitting that he should have been fatally stricken en route to attend an Institute committee meeting. Every CPA has benefited from the life of William W. Werntz; but his loss is felt with special keenness by those who were privileged to know him by working with him to advance the profession's best interests. They have been deprived of an invaluable colleague —and a treasured friend. The executive committee of the Institute extends its sympathy to his wife and daughter, and to his professional associates in his firm. 46 THE QUARTERLY
Memorial resolution for William W. Werntz
American Institute of Certified Public Accountants. Executive Committee
Bailey, George D.
Werntz, William W.
Werntz, William W.
Quarterly, Vol. 11, no. 1 (1965, March), p. 46-47
|Source||Originally published by: Touche, Ross, Bailey & Smart|
|Rights||Copyright and permission to republish held by: Deloitte|
|Format||PDF image with OCR under text, scanned at 400dpi|
|Collection||Deloitte Digital Collection|
|Digital Publisher||University of Mississippi. Digital Accounting Collection|