PROFESSIONAL EXAMINATIONS.
This article presents some problems prepared by the Board of Examiners of the American Institute of Accountants and were presented as the second half of the November, 1952 C.P.A. examination in accounting practice. The candidates were required to solve all problems in four and a half hours. The weights assigned were: problem 1, 12 points; problem 2, 18 points; problem 3, 20 points. The suggested time for the problems are problem 1, 45 minutes; problem 2, 90 minutes; problem 3, 60 minutes. The first problem is that F and T are partners in the operation of a retail store. They are concerned about the apparent discrepancy between their income and their volume of sales. Although they maintain incomplete accounting records, their experience in the business suggests to them that there is possible theft or larceny on the part of their staff. The partners have asked you, in connection with your initial audit to apply such tests as you can to determine whether there is any indication of shortage.
- DOI
- 10.2308/tar-7088764
- Volume
- 28 (2)
- Pages
- 287-292
- Language
- en
- Export
- BibTeX
- Sources
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