Official Record of the Proceedings of the Congress of Accountants: Held at the World's Fair, St. Louis, September 26th, 27th, and 28th, 1904Winthrop Press, 1904 - 231 pages |
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amount Applause applied ARTHUR LOWES ascertain assets and liabilities Audit Companies auditor Balance Sheet Bonds bookkeeping C. P. A. law C. P. A. Movement Capital Assets Capital Surplus certificate Certified Public Accountants Chairman charged Chartered Accountants Chicago City client Committee Congress of Accountants corporation cost countants Current Assets Debt depreciation Dickinson discussion dividends duties earnings ELIJAH W examination expenditure Exposition fact Federation of Societies Fixed Assets Gentlemen GEORGE WILKINSON Institute interest investment ledger legislation Loss Account Louis Louisiana Purchase Exposition ment method Montgomery Montreal municipal accounting National Municipal League Ohio operations paper period Pixley plant practice present principles profession professional accountants Profit and Loss question realized reason receipts and disbursements represent reserve result revenues and expenses Secretary Sinking Fund Societies of Public Society of Accountants statement Sterrett thank tion uniform York
Popular passages
Page 152 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Page 141 - A person whose duty it is to convey information to others does not discharge that duty by simply giving them so much information as is calculated to induce them, or some of them, to ask for more.
Page 29 - Under the auspices of the Federation of Societies of Public Accountants in the United States, a Congress of Accountants Congress of September 26-28, 19o4.
Page 137 - His business is to ascertain and state the true financial position of the company at the time of the audit, and his duty is confined to that.
Page 221 - Association amalgamated in 1905 with the Federation of Societies of Public Accountants in the United States of America and the name of the expanded organization was changed in 1916 to the American Institute of Accountants.
Page 136 - An auditor, however, is not bound to do more than exercise reasonable care and skill in making inquiries and investigations. He is not an insurer...
Page 178 - Good will represents the value of the trade-name, business connection and organization of the undertaking. As long as the earnings of the business are maintainable at not less than the level contemplated at date of purchase, it is Impossible to allege any depreciation of value or the necessity of any provision therefor. On the other hand, if any serious depreciation has taken place, the profits are probably so much reduced that it is not practicable to make such provision. Good will...
Page 136 - Auditors must not be made liable for not tracking out ingenious and carefully laid schemes of fraud when there is nothing to arouse their suspicion, and when those frauds are perpetrated by tried servants of the company and are undetected for years by the directors. So to hold would make the position of an auditor intolerable.
Page 136 - Such I take to be the duty of the auditor ; he must be honest, ie, he must not certify what he does not believe to be true, and he must take reasonable care and skill before he believes that what he certifies is true.
Page 141 - Englishmen ! — in hope and creed, In blood and tongue our brothers ! We too are heirs of Runnymede ; And Shakespeare's fame and Cromwell's deed Are not alone our mother's.