George Will describes legislation that would return govt ownership to the private sector. Guess what, the first bill failed, will the second also? We are moving to state control of more and more enterprises, banks, autos, health insurance. If the govt does a better job of running health insurance, is there anything they should not run. Can the govt do a better job of running health insurance?
I have suggested that CPAs are in danger of becoming de facto employees of the Federal government.
CPAs
audit public companies
prepare financials to support bank loans
prepare tax returns.
In the first two, the federal govt is the ultimate insurer of companies too big to fail, CITI and FDIC
guarantees that for member banks. As for tax returns, clearly they are prepared, in the govt view, with the govt as the beneficiary. It is not a stretch for the Federal Govt to take the position that errors in any of the three cost THEM money, hence more control and regulation is needed over cpas.
Already the SEC sets the budget of the PCAOB which regulates CPAs using non CPAs as a majority on the PCAOB. You tell me….
Professor Elam 
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