From the British invasion and Woodstock to lava lamps and the heyday of shag carpet, the sights and sounds of this period are firmly cemented into the cultural lexicon. The world of accounting continues to formalize itself through the proliferation of publications and trade organizations, and business computer begins to migrate into the home.
Major events in accounting during these decades included:
- 1961 – The Basic Postulates of Accounting is published.
- 1965 – Congress passes a law allowing CPAs to represent clients before the IRS.
- 1969 – The National Association of Black Accountants (NABA) is organized in New York City.
- 1973 – The International Accounting Standards Committee (IASC) is formed between prominent accounting organizations of the countries Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States of America.
- 1974 – The first issue of The Accounting Historians Journal is published, originating as a quarterly newsletter called The Accounting Historian.
- 1976 – The Federation of Schools of Accountancy (FSA) is established.
- 1979 – The first issue of the Journal of Accounting and Economics is published.