To make high-quality research more accessible and easier to explore.

Fields:
27 results ✕ Clear filters

PROPOSED AMENDMENT OF BRITISH COMPANY LAW.

Mary E. Murphy
The Accounting Review 1946 21(1), 37-46
One of the most important reports in recent British experience is that of the Company Law Amendment Committee appointed by Great Britain Board of Trade in June 1943, to consider and report what modifications are desirable in the Companies Act 1929, as of January 1946. This document not only provides the best available resume of traditional and contemporary accounting and financial practice in Great Britain but offers eighteen major sets of recommendations for the improvement of company law. Although the detailed testimony of experts appearing before the committee may not merit the consideration of American accountants, specific proposals offered for the improvement of auditing and business procedures provide interesting contrasts between current English and American accounting techniques as well as vital areas open for improvement. Asserting its belief that the system of limited liability is essential to the nation's prosperity, the committee envisages the necessity of protecting the investor and enhancing his control over company managements without imposing unreasonable restraints upon ethical business.

COLLEGE EDUCATION AS A REQUIREMENT FOR CERTIFIED PUBLIC ACCOUNTANTS—THE NEW YORK EXPERIENCE.

Norman E. Webster
The Accounting Review 1946 21(4), 445-450
The article presents a discussion on the topic, College Education As a Requirement for Certified Public Accountants, The New York Experience. This is the second time that the author has been invited to present a study related to the topic. He discusses the result of the examination of 180 candidates from fifteen schools in several states of the U.S. and of ten times as many from New York State schools. This convinces the author, that students who have spent four years in the day classes or six years in the evening classes in the schools have been exposed to a quantity and quality of instruction which should have prepared them for the examinations in Commercial Law, Theory of Accounts, and the theoretical parts of auditing. The author does not believe, that schools were or could be prepared to teach successfully the subject of Practical Accounting or the practical part of auditing. A high school diploma does not insure that the holder has satisfactorily completed a four year course in that school.