This research compares (1) current efforts to prepare doctoral candidates to be educators and (2) departmental administrators' perceptions of the need for educational training. One questionnaire was mailed to doctoral program directors of schools offering doctorates in accounting and another was mailed to department administrators of schools offering undergraduate and graduate degree programs in accounting. Analysis of the responses indicates that differences exist between the level of training in teaching currently provided in doctoral programs and the perceived need for such training by departmental administrators. Eighty-three percent of responding departmental administrators felt that teaching skills received inadequate attention in doctoral programs.

Reviews the book "Selecting EDP Audit Areas," by William E. Perry.

GNMA mortgage‐backed pass‐through securities are supported by pools of amortizing, callable loans. Additionally, mortgagors often prepay their loans when the market interest rate is above the coupon rate of their loans. This paper develops a model for pricing GNMA securities and uses it to examine the impact of the amortization, call, and prepayment features on the prices, risks and expected returns of GNMA's. The amortization and prepayment features each have a positive effect on price, while the call feature has a negative impact. All three features reduce a GNMA security's interest rate risk and, consequently, its expected return.