ABSTRACT
The world-wide improvement in the acceptance of proper accounting principles, and the improvement in form and presentation of published statements, has been well reflected in New Zealand, and, particularly since the war, the business community generally has placed increasing emphasis on the need for proper accounts and reports. Investment and insurance companies play a large part in the New Zealand financial market, and their requirements have quite a substantial bearing on the type of investments made, and as the wartime surplus of liquid funds becomes less and less, the amount available for investment from time to time from such companies has an increasing effect on the success of share issues. The responsibility of the investigating accountant in this matter is indeed an onerous one, and it is clear that his services will continue to be required and should be encouraged in reporting fully on new proposals for the raising or issue of capital.
