Arthur R. Wyatt Papers, 1950-1986, 2003
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Brief Description: Arthur R. Wyatt papers include certificates, photographs, correspondence, course syllabi and examinations, clippings, reprints, and publications concering accounting department history; accounting classes; accounting principles, standards and ethics; business combinations; the replacement of the Accounting Principles Board with the Finanical Accounting Standards Board (1973); and the history, partners, an failure of the accounting firm Arthur Andersen. Significant correspondents include Wyatt's father and Homer Kripke.
Held at:
University of Illinois Archives
19 Library
1408 W. Gregory Dr.
Urbana, IL 61820
Phone: (217) 333-0798
Fax: (217) 333-2868
Email: illiarch [at]
Record Series Number: 9/2/26
Created by: Wyatt, Arthur R.
Volume: 0.9 cubic feet
Acquired: 07/25/2011.
Arrangement: Chronlogically
Biographical Note for Wyatt, Arthur R. :

Arthur R. Wyatt holds bachelors, masters, and doctoral degrees in accountancy from the University of Illinois. Following completion of his Ph.D. degree in 1953, he joined the Accountancy faculty at the University of Illinois where he strongly influenced graduate and undergraduate students, authored many books and articles,including his classic study of accounting for business combinations, and progressed to the rank of full professor. Except for two years in the Army, he remained at Illinois until 1966. In June of that year he left to begin a second career in public accounting with Arthur Andersen & Co., becoming a partner just two years later. He joined the firm's accounting principles group, working under the leadership of George Catlett. When Catlett retired, he assumed leadership of the group which had responsibility for the firm's basic accounting policies, a role in which he was distinguished for his independence of thought and soundness of judgment.

In 1973, he was appointed to membership on the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants (AICPA); he chaired the committee from 1977 to 1979. He served on the Financial Accounting Standards Advisory Council from 1978 to 1981 and the AICPA Board of Directors from 1980 to 1984.

In January 1985, he left Arthur Andersen & Co. to become a member of the Financial Accounting Standards Board, where he served until his resignation in November of 1987. Upon returning to his firm, he was appointed by the AICPA as the United States representative on the International Accounting Standards Committee. He chaired that committee from July 1990 until January 1993 and is widely credited with laying the groundwork for a new era of international cooperation in the development of accounting principles.

His extensive record of contributions to organizations includes service as president of the American Accounting Association, vice-president of the AICPA, and member of countless committees and boards of professional groups, community organizations, and businesses. He is also a tireless worker on behalf of his alma mater, the University of Illinois.

When he retired from Arthur Andersen & Co. in 1992, he returned to the University of Illinois where he taught senior accounting students. He currently resides in Florida. His enthusiasm for golf has led him to sponsor several young professional golfers, and he attends a number of major golf tournaments every year. He is the 61st member of the Accounting Hall of Fame at the Ohio State University Fisher College of Business.

Subject Index
American Institute of Accountants
Faculty Papers
Languages of Materials
English [eng]
Acquisition Notes: Diana Williams, estate agent  Materials were removed from Wyatt's condo, after the donation of the condo and its contents to the University of Illinois.