Abstract Reliance on statistical and mathematical techniques in accounting research has become more common in recent years. This is a promising development since it expands areas of investigation and links accounting more closely with research activities in related disciplines. In this regard, professor George Benston and others have made some noteworthy contributions. Yet mathematical research sometimes creates an aura of exactitude which may induce reader acceptance of generalizations based on collateral and fragmentary evidence, questionable research methods, or imperfectly conceived conceptual models. Despite this reviewer's respect for Professor Benston's technical competence, it is with the possible existence of such deficiencies that he is primarily concerned. Professor Benston is to be respected for embarking on so ambitious a project. However, for reasons indicated, this writer cannot accept the conclusions reached regarding the effectiveness of the SEC's disclosure requirements. While there may be some substance to the hypothesis, the evidence furnished does not support the findings.

Abstract The executive training program has become one of the more interesting post-war developments in business education. A major portion of these program is concerned with the use of quantitative data for business controls and decision-making. Hence Accounting has an important role in these programs. Executive development program is concerned only with the uses of quantitative data as a basis for controls and decision- making, the instructor should avoid depth discussions of the more technical aspects of the disciplines involved. The course in the use of quantitative data should not be regarded as an entity separate and apart from the other courses in the program. Only the relevant elements of accounting, statistical, and economic theory should be employed. Major emphasis should be placed on the planning, control, and decision-making phases of the course. It involves the most careful selection of material. In the context of previous background this article discusses the structuring of the quantitative data course .

Abstract Recent development which promises to have considerable effect on future accounting practice is the application of statistical sampling techniques to accounting. Sufficient experimentation has already taken place in both public and private accounting to indicate that sampling will shortly become an indispensable accounting tool. This raises challenging problems to accounting educators that can hardly be ignored any longer. The authors, in this article, are directing questions on the best way of teaching advanced sampling method to the accounting students and in developing competence in this area. The American Institute of Certified Public Accountants has recognized its increasing importance to auditors by establishing a committee to deal with the problem. The Institute of Internal Auditors has created a similar committee. Statistical sampling not only can produce equivalent or greater accuracy than a complete investigation, but it can also accomplish this in less time and at less cost.

Abstract During the year 1958 the Committee on Certified Public Accountants (CPA) Examinations of the American Accounting Association continued to cooperate with the Director of Education, Mr. Wilton T. Anderson and the Board of Examiners of the American Institute of Certified Public Accountants in stockpiling questions in Theory of Accounts for the CPA Examinations. The Committee actively encourages all members of the Association to prepare questions and model answers of the type which the members think should be used in future examinations.