Abstract This article focuses on comparative professional accountancy in Australia. The Institute of Chartered Accountants in Australia was incorporated on June 19, 1928, by a charter granted by King George V. It is the only body of accountants granted a Royal Charter outside the British Isles. Arms were assigned by the Earl Marshal of England on October 26, 1929. The Companies Act of one Australian State, Victoria, relative to prospectuses was tightened in 1955. The written consent of an expert is now required before his statements are included in a prospectus, if the prospectus indicates that application is to be made for listing of shares on the stock exchange, an allotment of shares will be void if permission for quotation on the exchange is not sought before the third day on which the exchange is open after the date of publication of the prospectus, or if permission has not been granted within six weeks of publication. The balance sheet must now contain a provision for income tax relative to the year ending on the date to which the balance sheet is made up, and the books of account must give a true and fair view of the company's affairs and explain its transactions.

Reviews the book "Proceedings of Convention."