Abstract The Commission on Standards of Education and Experience for Certified Public Accountants (CPAs) was organized in 1952. The commission is independent of the American Institute of Accountants or any other one body. Its membership includes professors of accounting, deans of university schools of business administration, practicing CPA's and members of state boards of accountancy. The commission hopes to set goals which the state boards and schools might strive to approach over a reasonable term of years, together with suggestions for interim procedures which may be practical to follow in approaching what it is hoped may be accepted as longer-range objectives. Since the commission is concerned primarily with uniformity of standards, the CPA examination which has now been adopted by all jurisdictions in the U.S. may be said to be a subject of secondary importance to the commission. Any improvement or standardization of educational or experience training for the profession, however, is bound to lead to some consideration of the level and content of the written examinations.

Abstract Many problems arising as the result of wartime conditions will continue to perplex for years after the war. Uncertainties which will be resolved only by future developments have in the past presented difficulties in accounting practice and have been a basis for criticism by some who hold the erroneous conception that accounting statements are by their nature intended to be exact and accurate representations of fact. Industries expect after the war a more or less protracted period of retooling, plant reconversion and rehabilitation and redevelopment of markets. In conclusion, a brief word should be said as to the general bearing these thoughts may have on accounting education. The educator is always confronted with the question of where the emphasis in curriculum and instruction should be placed as between teaching accounting techniques and development of understanding of principles, policies and underlying social sciences. Obviously, the man trained to recognize the significance of new situations and to meet them on the basis of an experienced judgment and a command of basic principles has been a more useful member of the profession in wartime than the narrowly-trained technician. This is likely to be true also in years to come.

Reviews the book "Foreign Exchange Accounting," by Christian Djorup.