Abstract During the past year, in 1958, the activities of the Association followed the customary pattern of completion of some projects carried over from earlier years and launching new projects and programs. An exact measurement of progress is neither possible nor necessary. Each year represents only a small segment of the continuing stream of influence on accounting education and research fostered by the Association. The periodical "The Accounting Review," continued to hold its high place in accounting literature and to grow in circulation and influence. The Association has continued its policy of cooperation and cordial relationships with other accounting organizations. Recognition of varying points of view was encouraged by the appointment of non-teaching members to various Association committees. A Committee on By-Laws was appointed during 1958 to consider the creation of the office of president-elect. The recommendations of the committee were approved by the Executive Committee and presented to the members at the annual business meeting for consideration. The establishment of a special fund for a doctoral fellowship program was announced at the annual convention in Syracuse.

Reviews the book "Tax Planning Under the New Regulation."

Abstract This article presents information on the graduates entering into the field of accounting. There has been an increasing trend of business graduates, who are pursuing their majors in accounting and attracted to public accounting. It has been indicated that there had been a definite downward trend in the quality of the students in the accounting curriculum. As an additional example of this viewing with alarm, undergo the rigors of the accounting curriculum. There are undoubtedly many reasons why schools of business do not attract more of the good students. Business does not have the same prestige, as do some of the professions, notably medicine, law, and engineering. The field of business covers a broad range of activities and accommodates persons of widely varying abilities, as contrasted with the more highly specialized sciences and professions. A committee of the school of business recently made a study of the quality of their incoming students and on the basis of their findings suggested the three objectives to the faculty--to strengthen the background preparation of high school students entering college, to attract a larger percentage of the better high school students, and to give the field of business administration greater prestige in high schools.

Reviews the book "How to Work With the Internal Revenue Code of 1954."

Abstract Reviews the book "Industrial Accounting," by Samuel W. Specthrie.

Abstract The article presents the report of the Committee on Auditing Education appointed by the American Accounting Association. The concern of the committee was to secure an evaluation of the job the colleges are doing in preparing students for public accounting. The committee solicited the opinions of public accountants along the above lines by the use of a questionnaire which was mailed to 98 local firms and ten national firms. Responses were received from 57 per cent of the local firms and from all of the national firms. The questionnaire invited an expression of opinion regarding which objective colleges should adopt in preparing students for the public accounting profession. Poor English and lack of ability to write and speak effectively are the most serious of the weakness of college graduates reported by the public accountants. The public accountants believe that such weaknesses can be corrected by requiring accounting students to take more courses in grammar and public speaking slanted to the interests of accountants.