ABSTRACT
The question of an international association of public accountants and auditors has been broached by the secretary of one of the largest and most influential organizations in continental Europe. Organizations among accountants just are most numerous and the societies in existence are largest in membership in Great Britain. In view of a decision affirmed by the Court of Appeals of New York, it becomes an interesting question whether an accountant, auditor, or bookkeeper, employed by a corporation that fails, is a professional man or one living by manual labor. The manager of a company who is over-anxious to show a good dividend will try to keep his expenses down by charging items such as repairs, to a capital account, instead of an expense account. Probably the simplest plan is to set aside a fixed percentage of the accounts as a provision for doubtful debts.
