Knowledge that Transforms

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

210 results ✕ Clear filters

CORPORATION AUDITING REQUIREMENTS UNDER THE GERMAN COMMERCIAL LAW.

Wilhelm Voss
The Accounting Review 1930 5(4), 305-307
Abstract In almost all German corporations it is at present customary to check up all accounting statements especially the annual balance sheet and profit and loss statement. This work is done by separate auditors or auditing companies. The law, however, does not as yet require an audit. According to the law at present the Supervisory Council as the controlling agent of the corporation is required to supervise all phases of the business including the examination of the financial statements and annual closing entries in order to report thereon at the general stockholders' meeting. The audit function is, therefore, in accordance with the present German law, included in the general control function of the Supervisory Council. The appointment of separate auditors is according to law necessary only in special cases. The Board of Directors in the cases under Section 266, is to allow the auditors to examine the books and papers of the company and also the cash, securities, and goods as well.

ACCOUNTING IN THE ENGINEERING CURRICULUM.

R. A. Stevenson
The Accounting Review 1930 5(3), 205-207
Abstract Accounting has been offered in some form to students in engineering schools for at least twenty years. It is only recently, however, that serious consideration has been given to this subject as an integral part of the required curriculum. The fact that engineers were entering positions of administrative responsibility in which their technical training was not directly applied, brought to the attention of engineering faculties the need for some adjustment in their established curricula. The collegiate Schools of Business started their phenomenal growth about the same time as the movement for industrial management in engineering and largely for the same reason. The first call for business training came from concerns that needed trained accountants and cost analysts. Somewhat later, the schools of business began to give more attention to the fields of marketing and finance which at present occupy a considerable part of their attention. The accounting courses in engineering should be a part of a management training program fitted into an adjustment of the curriculum of the existing courses in mechanical, electrical, civil and chemical engineering.

UNIVERSITY NOTES.

The Accounting Review 1930 5(1), 91-92
Abstract The article provides information about developments in university departments of various universities and colleges of the U.S., as of March 1930. M. S. Carroll of the accounting department of Waco, Texas-based Baylor University will be working toward his Ph.D. at Chicago University this summer and the accounting courses will be conducted in his absence by Dunker Hudson, cashier of the University. Professor A. S. Lang is on leave this year studying at the University of Texas. He will return to the department in September. The auditing seminar is being conducted as a field course in auditing. Only students who have a high ranking and who have had seven or eight majors in accounting are admitted to the course. They are given work with a firm of certified public accountants and submit reports for which they receive a major credit. The course is proving highly satisfactory. Professor Lloyd Morey of the University of Illinois has been on leave of absence for the first semester. He spent several months in Europe studying university business procedures there and gathering material for his book on University and College Accounting, which he has just completed.