Colorado Society of Certified Public Accountants.. Colorado State Board of Accountancy... Commercial Law and Accounting, Contact of. B. D. Kribben...... Comparative Value of Personal Reputation and Conferred Degrees. PAGE 491 159 283 Carl H. Nau 247 Competition, Price-Making and. Earl A. Saliers.... 201 Connecticut Society of Certified Public Accountants.... 491 Construction Records and Accounts. H. C. Hopson.... 33 Contact of Commercial Law and Accounting. B. D. Kribben........ Cost Accounting, The Elements of. F. C. Belser....... Cost Accounting For Milk Distributors, Uniform. Edward A. Kracke 424 Cost Accounting, The Government and....... 79 Cost Accounting, Navy Yard. William Mills Corliss 28 Costs, Educating the Executive to Appreciate. Robert S. Pasley...... 207 303 Degrees, Comparative Value of Personal Reputation and Conferred. 247 Depreciation Accounting for Public Utility Companies. Frank E. Seidman ..... 355 Determination of Income Rate on Unusual Serial Bonds. Edward S. 105 Dominion Association of Chartered Accountants...... 152 Duties of the Junior Accountant. W. B. Reynolds and F. W. First Examination of the American Institute..... Income Tax Department .... 112 455 456 215 213 298 Record of the American Institute of Accountants.. 293 Educating the Executive to Appreciate Costs. Robert S. Pasley..... 207 325 Examinations of the American Institute of Accountants, June.................... 1 238 Executive to Appreciate Costs, Educating the. Robert S. Pasley...... 207 88 Extending the Uses of Interpolation. Arthur S. Little... 439 Federal Taxation Legislation 81 Fisherman's Problem, The. E. S. Rastall...... 450 Flour Mill Accounting, Valuation of Futures in. W. H. Justin...... 430 79 Hare, Thomas Upshur (Obituary)... 492 Income and Profit and Loss Accounts, Classification of. Alexander 94 Income Rate on Unusual Serial Bonds, Determination of. Edward S. 105 Income Tax Department, Edited by John B. Niven....55, 120, 223, 386, 457 ........ June Examinations, American Institute of Accountants..... 439 79 1 Junior Accountant, Duties of the. W. B. Reynolds and F. W. Milk Distributors, Uniform Cost Accounting for. Edward A. Kracke 424 PAGE New York, Property Accounting in the City of. Raymond W. Bourke 342 78 237 491 Oregon State Society of Certified Public Accountants..... President, Report of the. W. Sanders Davies.... 21 Profit and Loss Accounts, Classification of Income and. Alexander L. 94 Property Accounting in the City of New York. Raymond W. Bourke. 342 Seidman ... 355 .... Public Utility Valuations, Accounting Features of. E. B. Wade..... 193 254 241 Reputation and Conferred Degrees, Comparative Value of Personal. 247 Retail Merchants, Accounting System for. Joel Hunter... 100 Students' Department, Edited by Seymour Walton 60, 134, 227, 307, 403, 464 81 Testimony by Accountants, Expert. W. R. Tolleth...... 88 Theoretical Knowledge, Practical Application of. Seymour Walton.. 276 21 Uniform Cost Accounting for Milk Distributors. Edward A. Kracke 424 238 491 160 The Journal of Accountancy Official Organ of the American Institute of Accountants JUNE 14, 1917, 9 A. M. TO 12.30 P. M. The candidate is required to answer all of the following questions: 1. What do you understand to be meant by a balance sheet audit? What is its scope? 2. The officers of a company of which you are the auditor elected by the stockholders submit to you for audit a balance sheet in which the following item appears: Miscellaneous reserves (including premium on stock)...... On investigation you find the item is $248,000.00 *This and five succeeding papers copyright, 1917, by American Institute of Accountants. †Questions in auditing were the same for both classes of applicants. What recommendation would you make to the officers and what course would you take if your recommendation were not followed? 3. In auditing the accounts of a corporation, for the first year of its existence, what records and documents should be examined in addition to the books of accounts and the vouchers? 4. What steps should an auditor take to ensure, as far as possible, that accounts presented to him for audit contain all the liabilities of the company? 5. You are appointed auditor of a charitable institution supported by annual subscriptions and other gifts. What steps would you take to verify the accounts submitted to you. Draft a certificate such as you would give if the results of your audit were entirely satisfactory. 6. To what extent do you think it is necessary to verify the outstanding capital stock of a corporation and what procedure would you follow in such verification? 7. State what you consider to be the most important special problems arising in one of the following classes of audits and how you would deal with such problems: (a) Stock brokers. (b) Moving picture producers. (c) Breweries. (d) Clubs and institutions. (e) Retail stores. (f) Land companies. (g) Executorship accounts. 8. What steps should be taken to verify the cash balance appearing on a balance sheet of a company in whose cash book bank and cash transactions are kept together where the auditor has not had the opportunity of making the verification on the date of the balance sheet? To what points should special attention be given? |