Reviews the book "Memoirs and Accounting Thought of George O. May," edited by Paul Grady.

Abstract The responsibility of the practitioner in connection with a program of professional education, is one of great current interest to the practitioner as well as to the educator. Implicit in the term responsibility is a general recognition of certain standards of action and degrees of obligation. For example, there is recognition of such responsibilities as those of the head of the family to support his family, those of a citizen to bear arms in the defense of his country, those of any person, whether citizen or not, to act within the law of the land. The idea of duty is also implicit in the term, and even further carries the idea of accountability, not only to a court of opinion but even to a court of law. The nature of a professional man's responsibilities may be treated under three general heads, those to his clients, those to his profession and those to society at large. In connection with responsibilities to his client, it should always be remembered that the basis of that responsibility is either a specific or an implied contract of service entered into. This contract is so generally recognized that it is enforceable at law.

Abstract The article discusses various aspects of professional accountancy. The discipline means the vocation of accountancy, whether practiced in the private or the public field. Accountancy is said to take pride in calling itself a profession. The specific problem to which this article addresses itself is the organization of a curriculum or course of training for professional accountancy. It should be pointed out that in the first place, the building of a curriculum is essentially a scholastic undertaking, and in the second place, that a large part of the work of a professional man or of a business executive is of necessity pedagogical in character, in that he is always faced with the task of training staff men to a proper understanding and performance of their tasks. Thus, the practitioner, as well as the pedagog, should be interested in the development of curricula and courses of training. The article presents a curriculum to address different activities of the profession. It also says that in building a curriculum, some attention must always be given to the lines of probable future development of the profession.

Reviews the book "American Investment Trusts," by John Francis Fowler.