Some of the longer comments which raise significant new issues or present alternative proposals will be published in article form in the journal of accountancy. Several comments have been received from professional accountants and accounting groups from other nations. Prior to illustrating by category some of the more cogent comments made on the postulates study, it might be useful to indicate some of the general characteristics of the letters. In the comments by Leonard Spacek at the end of the postulates study there appears the following statement: The essential prerequisite to the establishment of a sound framework of accounting theory must be a clear definition of the purposes and objectives of accounting. Accounting teachers were more prone to examine the study from a theoretical viewpoint and minimize any transitional problems of implementation. The breakdown of Dr. Moonitz's monograph into six chapters is clear and logical.