George Watson (1645-1723),
one of the early
accountants.
England prospered thanks to the
Industrial Revolution, being the
main producer worldwide,
obtaining a demand for meters.
In 1880 the Institute of Chartered
Accountants in England and Wales was
formed. This institute had 587
registered members.
In the late 1800s, large amounts of
British capital were flowing to the
rapidly growing industries in the United
States.
Scottish and British accountants
traveled to the United State to audit
the investments,some settled down set
up practice in America.
In 1887, the first national accounting
society was formed - the American
Association of Public Accountants,
predecessor to the American
Institute of Certified Public
Accountants.