ABSTRACT
A very carefully considered paper on auditing, by Wilton C. Eddis, C. A., the first section of which is published in another portion of the issue, is a very valuable addition to the literature of accountics. It is something that will bear study, both upon the part of professional accountants and the men in active business. Under the Municipal Acts of Ontario, besides lying down that audits of the accounts must be made, the qualifications of certain auditors are defined as being “a Chartered accountant,” or some other expert accountant. The record of a series of transactions should be carried on from the first day, and should advance by degrees from the simple to the higher and most complex account. Arrange the transactions used for illustration, so that they may be well graded, making every step one in advance, so that each successive entry may give a broader knowledge of the science.
