ABSTRACT
The lengthy career of Paul F. Grady and the development of the accounting profession intersect in important ways. Grady’s early years with Arthur Andersen were spent on the audit and public utility staffs. His determination and strong constitution underwrote his ability to work hard and rise rapidly, and he was admitted to partnership on July 1, 1932. Almost immediately he was transferred to New York City to take charge of the firm’s public utility work. He served as a consultant to a Controllers Institute of America committee, which was responding to the correspondence between the then American Institute of Accountants and the New York Stock Exchange. Grady’s fine work for the navy’s Cost Inspection Service ultimately led to his receiving the navy’s Distinguished Civilian Service Medal in 1944 and the Presidential Award of Merit in 1947. Grady’s long tenure with Price Waterhouse saw the full flowering of his skills as a technician and as a leading thinker of the profession.
