Reviews the book "Capital-Expenditure Decisions: How They Are Made," by Donald F. Istvan.

Reviews the book "Principles of Public Utility Rates," by James C. Bonbright.

Reviews the book "Price-Level Adjustments of Financial Statements," by Eldon S. Hendriksen.

This article focuses on the implementation of uniform standards of reporting for national voluntary agencies. The purpose of this article is to point out some of the pitfalls that may be encountered in the development and implementation of uniform standards of reporting in voluntary agencies. Since the lack of adequate funds for accounting data is very apparent, a pooling of resources is necessary. This pooling, in the instant case, involved a research study and a development of a computer program, which, after the initial cost of the study and the development of the computer program, allows each individual agency to obtain the cost data it so desperately needs for a relatively low cost. It appears that the approach taken in this article may also be relevant to the study about to be undertaken by the American Institute of Certified Public Accountants and would allow them to develop a workable program which could be implemented without disturbing the underlying accounting records of each voluntary agency for which adequate, uniform data is required.

Reviews the book "Pricing Power and the Public Interest," by Gardiner Means.

Reviews the book "Elementary Accounting," 4th ed., by Arnold W. Johnson.

Reviews the book "The Audit and the Punched Card--An Introduction," by Wayne Corcoran and Donald F. Istvan.

Reviews the book "Planning Production, Inventories, and Work Force," by C.C. Holt, F. Modigliani, J.F. Muth and H.A.Simon.

During the last two decades, the demand for the services of the Certified Public Accountant (CPA) has expanded at an astonishing rate. Such favorable recognition, however, imposes greater responsibility upon the profession to maintain high standards for admission to its ranks. One of the essential characteristics of a profession is a body of special knowledge. Every candidate for admission to the profession should be required to prove his mastery of the common core of knowledge that all CPAs should possess. This article presents the report of the Committee on the CPA examination. The report presented the results of the committee's study and evaluation of the content of the CPA examination in relation to its basic objective. The report was presented in three major parts--A statement of the knowledge and abilities, which a CPA should possess together with an analysis of what knowledge the CPA examination should test, an evaluation of specific subject matter of the CPA examination, and conclusions. The points discussed in the report include--General knowledge: what the examination should not test, commercial law should be deleted, need for a description of the Common body of knowledge, special knowledge: what the Examination should test, scope of management services, taxes, accounting theory, accounting practice, and auditing. The report concludes that the proper objective of the CPA examination is to test the common body of special knowledge that all CPAs should possess.