Knowledge that Transforms

Reviews the book "Advanced Accounting," 5th ed., by Allan R. Drebin.

Reviews the book "An Insight Into Auditing: A Multidimensional Approach," by B.K. Basu.

Reviews the book "Advanced Accounting," 2nd ed., by Paul M. Fischer, William James Taylor and J. Arthur Leer.

Reviews the book "The Audit Director's Guide: How to Serve Effectively on the Corporate Audit Committee," by Louis Braiotta.

Reviews the book "Accounting Implications of Collective Bargaining," by C.T. Lau and M. Nelson.

Reviews the book "Accounting for Local Government in Canada: The State of the Art," by A. Beedle.

Reviews the book "Forensic Accounting: The Accountant as Expert Witness," by Francis C. Dykeman.

Congress has attempted to increase the use of certain types of fringe-benefit compensation by statutorily providing for their exclusion from gross income. A questionnaire was designed to test whether employee preferences for educational, retirement, legal, life insurance, and health insurance benefits are influenced by either tax status or job classification, or by both. Specifically, 750 individuals from four organizations were asked to distribute their salaries among cash and the five noncash benefits. The noncash benefits were assumed to be taxable in one-half of the sample and nontaxable in the other half. Multivariate and univariate analysis of variance statistics indicated that tax status affected the preferences for education, retirement, and legal benefits, while job classification influenced the preferences for all of the noncash benefits except life insurance. In addition, the relatively large amount and variation of fringe benefits chosen suggest that the cafeteria compensation approach would be well accepted by employees.

Reviews the book, "Auditing Symposium VI: Proceedings of the 1982 Touche Ross/ University of Kansas Symposium on Auditing Problems," edited by Donald R. Nichols and Howard F. Stettler.

Reviews the book "The Auditor's Report and Investor Behavior," by Ralph Estes.