The National Public Accountant

Author : J. F. Sherwood
Publisher : Forgotten Books
ISBN 13 : 9781330261859
Total Pages : 271 pages
Book Rating : 4.2/5 (618 download)

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Download or read book Public Accounting and Auditing written by J. F. Sherwood and published by Forgotten Books. This book was released on 2015-06-02 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Public Accounting and Auditing Accountancy is generally considered the youngest of the professions. In 1896, New York enacted the first Certified Public Accountant law in this country, and thus formally recognized accountancy as a profession. Since that time, all the states excepting two have enacted similar laws, until accountancy is now recognized as one of the leading professions. Almost imperceptibly accounting and auditing have grown to be indispensable factors in the policy of every business enterprise. Today, it is estimated that there are approximately three thousand Certified Public Accountants in the United States. There are hundreds of firms of accountants employing junior and senior accountants, and these firms are now looking to the schools of commerce for suitable recruits for their staffs. Harold Benington, C. P. A., President of the Illinois Society of Certified Public Accountants, in an address delivered in Chicago, December, 1915, at a convention of the National Commercial Teachers Federation, said: "We, the public accountants, have to rely to a very large extent upon you gentlemen for the recruits that enlist for services in our offices. We rely upon you to send us men who have undergone the preliminary training and are ready for active service. We don't expect you to send us veterans, but we do expect men who studied the rudimentary theory of tactics and know how to handle their tools. "It seems to me that your share of the work lies in constantly improving and expanding the character of the instruction which you offer to your students, and that our share of the work lies to a very large extent in encouraging young men who have just begun business, or who are just about to enter it, to take your courses of instruction, making them realize that their immediate earning capacity is going to be increased." Robert Montgomery, Ex-President of the American Association of Public Accountants, now a member of the Executive Committee of the American Institute of Accountants, said in a recent address: "Something must be done at once to increase the number of accountants. Already the amount of work devolving upon the reputable accountants of the country is considerably in excess of their normal capacity. The present difficulties will be enormously enhanced unless we can secure from our institutions of learning, a vastly greater number of qualified accountants." The leading institutions of education, both public and private, are now offering instruction in accounting. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.