William Lybrand, Adam & Edward Ross, & Robert Montgomery were all the accountants born in the US. They were important partners in an accounting firm and this accounting firm late grew into a very famous firm.
What they are famous for
William Lybrand, Adam & Edward Ross, & Robert Montgomery operated their accounting firm in the US. They locate the US as the business foundation and provided different types of accounting services for corporate clients.
Later, they found that the business world was changing very quickly and they had to be proactive in seizing business expansion opportunities. Therefore, they tried to find further partners in the world in order to expand well. Then, they found the William Cooper. William Cooper operated the firm in London, which would be the good partners of William Lybrand, Adam & Edward Ross, & Robert Montgomery if they were interested in expanding the business to an international way. Therefore, they approached the William Cooper firm and tried to use the name of Coopers & Lybrand in the international practice. In other words, they did not formally merger together but they tried to cooperate and use the same company name in different countries such that the reputation and exposure of the firm would increase.
How they affected the world today
William Lybrand, Adam & Edward Ross, & Robert Montgomery contributed a lot in the establishment of Coopers & Lybrand in the US. At that time, the US did not have very sophisticated accounting standards. Therefore, the control over the firms was not done very well. But William Lybrand, Adam & Edward Ross, & Robert Montgomery self-initiated to keep good business practice and accounting principles when they provided the services for clients. It would be the important step that they took in their accounting firm operation. Without their perseverance in operating the firm in the US with good code of conduct, the firm would not be a reputable one at that time. Eventually, the firm adopted different mergers and acquisitions and become the PricewaterhouseCoopers in the current world.
In other words, William Lybrand, Adam & Edward Ross, & Robert Montgomery did a lot to keep the foundation stable in the US. While William Cooper was trying his best to build the business in the London office, William Lybrand, Adam & Edward Ross, & Robert Montgomery worked hard in the USA. Many people remember Cooper in the current context but relatively smaller number of people acknowledges the efforts made by William Lybrand, Adam & Edward Ross, & Robert Montgomery.
To conclude, William Lybrand, Adam & Edward Ross, & Robert Montgomery were the accountants who kept good practice in the US even though the control from the authority was not strict at that time. Therefore, they were the people who should be praised and remembered because their work helped the current PwC firm to achieved reputation internationally back then. The partnership agreement in operating an accounting firm was also partly attributed to their work at that period of time.
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