Abstract The purpose of this article is to statistically reflect some important elements of auditing. According to the author, the selection of suitable classification subdivisions for complex data always presents a difficult problem. Here the author separated the data to segregate auditing and non-auditing problems. The auditing questions were subdivided on the basis of two distinct methods of approach. One type of question dealt with questions involving definition, purpose, judgment, evaluation, selection, and explanation. The second type pertained mainly to matters of auditing procedure, program, and method. It has been insisted in the article that since auditing is a critical scrutiny of the facts which underlie the accounting statements under study, it is natural that professional examinations should give a prominent place to questions designed to reveal the candidate's knowledge of the traditional ways of making such study. The auditing questions are classified and summarized in the tables presented in the article.

Auditing, CPA Examination, Success factors, School record

Abstract Reviews the book "Cases in Auditing Practice," 3rd ed., edited by J. Innes, T.A. Lee and F. Mitchell.

Abstract Reviews the book "Automatic Data Processing," 2nd ed., by Elias M. Awad.

Abstract Reviews the book "Water Utility Accounting," by Leon E. Hay and D.J. Grinnell.

Reviews the book "Auditing & EDP," by Gordon B. Davis.

Reviews the book "Cases in Auditing," by Oswald Nielsen.

The study investigates the information content of the foreign sensitive payment disclosures made during the Securities and Exchange Commission's ‘voluntary’ disclosure program. The results of the information content tests and the tests of the relationship between payment size and abnormal security returns imply that investors may have been reacting to the expectation of the loss of future business or to the possibility of future government sanctions.