ABSTRACT
In the industrial world of today, the accountant is playing an increasingly important part in the management field. During that period, the individual business concerns were growing in size and private partnerships were being converted into private companies under the Companies Acts. Thus the opportunities for accountants were opening out. Succeeding generations of accountants were building up upon the firm and sound foundations laid by their predecessors. It was a period of consolidation, and thus confidently the profession moved forward into the fateful twentieth century. The coming of the auditor to every company had several important effects, e.g. many strange and inadequate accounting systems came under the review of the skilled accountant; and thus a large section of industry and commerce was persuaded to improve and modernise its system of records. Regarding the accountants upon the staffs of divisions and subsidiary companies, they would report to the appropriate executive them in their division or company.
