ABSTRACT
For many years, the principal activity of the practising accountant was the auditing of accounts, but with the growth of modern commerce the proportion of any practice which is devoted to this is very much less. This is an aspect which frequently appears in a prospectus, but it is a statement which should appear over the signatures of the directors and not form part of the statement of facts which is certified by the accountant. This relationship has been so firmly established and the accountant's reputation for fair dealing so fully accepted by both sides, that taxation liabilities are settled with relatively little recourse to appeal. At the same time, it is a service which cannot be provided by every small firm as it requires, in the first instance, the whole-time application of members of the accountant's staff. The use of an accountant's position as secretary of a trade association for the purpose of securing business.
