Abstract Reviews the book "Foreign Exchange and the Corporate Treasurer," by John Heywood.

Abstract ABSTRACT: This study measures and examines variables that accounting doctoral students and accounting faculty members use in selecting a teaching position. Differences in perceptions of variable importance between doctoral students and faculty are analyzed using factor analysis and a ranking procedure. While the analysis indicated that some similarities exist in the perceived importance attached to many criteria by the students and faculty, it also detected a number of significant differences.

Abstract The article reviews the book "Case Study in Auditing: A Case Study on Internal Control and Evidence Gathering With Emphasis on the Application of Judgment in Audit Decision Making," by Donald H. Taylor and G. William Glezen.

Abstract ABSTRACT: In recent years, there has been an increasing interest in the communication and reporting by large corporations on their social performance. Most of the attention has been devoted to either the need or the appropriate mode for corporate social disclosure. This study attempts to assess the impact of the capital markets of the social disclosure that already exists on a voluntary basis. The returns to portfolios composed of securities of socially disclosing firms are compared to the returns to portfolios of equivalent (systematic) risk composed of securities of non-disclosing firms. The findings indicate that social disclosure has information content and that the market values this disclosure positively.

Abstract ABSTRACT: The AICPA's Board on Standards for Programs and Schools of Professional Accounting has proposed a set of standards for professional programs in accounting. Accounting groups potentially affected by the report were surveyed to determine the degree of support for the standards and the extent of concurrence among the various groups. Responses from accounting academicians, practicing certified public accountants, industrial accountants, and large firm controllers indicated some areas of substantial disagreement with the proposed standards. Furthermore, the results revealed an apparent lack of uniformity in concurrence among the various groups.

Abstract Reviews the book "Cost Benefit Analysis: A Handbook," by Peter G. Sassone and William A. Schaffer.