ABSTRACT
Industrial accountant should be prepared, and indeed be able, to share the privilege of being professional and to shoulder the responsibilities that go with it. The industrial accountant has to avoid doing anything that would endanger, or detract from, the professional standing of those in practice as public accountants. That is an obvious and elementary requirement. The industrial accountant has to work with his directors' day in and day out, and apart from exceptional circumstances cannot escape the shadow of such a conflict. In such circumstances, there may often be no reasonable alternative for him but to resign his post. The introduction of new horizontal allegiances cutting across the normal vertical lines of control in industrial organisation is much more than that; it is helping to build up the organic texture of a living community. The fostering of a professional consciousness in the various branches of industrial management, of which industrial accountancy is one.
