Auditing under wartime conditions;

              Statements on Auditing Procedure
June 1942
No. 10
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Issued by the
Auditing Under Wartime Conditions
Committee on Auditing Procedure, American Institute of Accountants, 13 East 41st Street, New York, N. Y.
Copyright 1942 by American Institute of Accountants
JOINT REPORT OF THE COMMITTEE ON AUDITING PROCEDURE OF THE AMERICAN INSTITUTE OF ACCOUNTANTS AND THE COMMITTEE ON PRAC-TICE PROCEDURE OF THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
In New York State Society of Certified Public Accountants requested the Society's committee on practice procedure to study and report upon the maximum work of an annual examination that can properly be performed during interim periods and to make this information available to the membership and to the public; to foster the recom-mended procedure in order to alleviate peak periods; and to suggest steps to induce the adoption by clients of natural business years where this would serve a useful purpose.
These and other related problems had been the subject of serious consideration by the committee on auditing procedure of the American Institute of Accountants. In order to avoid duplication of work and effort, it was arranged that a subcommittee comprised of members of the two committees should make a careful study of the various ques-tions involved. A subcommittee was appointed and has presented its report, which is reproduced hereunder:
MR. S. J. BROAD, CHAIRMAN, COMMITTEE ON AUDITING PROCEDURE, AMERICAN INSTITUTE OF ACCOUNTANTS
MR. MYRON A. FINKE, CHAIRMAN, COMMITTEE ON PRACTICE PROCEDURE,
NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS DEAR SIRS:
Your subcommittee on auditing procedure during wartime has held two meetings, one of which was attended by Messrs. Werntz and King
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