Alien property specifications;

              Bulletin HASKINS & SELLS 73
Alien Property Specifications
WE are indebted to Mr. Dunn for the
following specifications issued to pub­lic
accountants with a view of unifying the
form and arrangement of exhibits which
constitute a part of their reports to the
Alien Property Custodian. It requires only
slight thought to make one realize the
value which guidance of this kind will have
in influencing the work and reports of pub­lic
accountants in general, and in promot­ing
uniformity in the matter or termi­nology.
ALIEN PROPERTY CUSTODIAN
BUREAU OF AUDITS
SPECIFICATIONS or general facts
and true conditions and results to be
determined and disclosed in reports by
public accountants from their examinations
into the books of account, records, and af­fairs
of properties coming into the custody
or under the control of the Alien Property
Custodian by reason of enemy ownership
therein and the operation of the Trading
With the Enemy Act and the President's
proclamations and executive orders there­under.
1. The financial condition at the closing
date of the examination and at the close
of the fiscal year which ended next prior
to February 3, 1917. Such Balance
Sheet exhibit should be in columnar
form in the date order stated, but ex­tended
so as to show the increases and
decreases in items, and it should be ar­ranged
so as to make the liquid position
readily determinable.
(a) Accounts against trade debtors
and in favor of trade creditors lo­cated
in the United States, in neu­tral
countries, and in war associ­ated
countries outside of enemy oc­cupied
territory should appear as
separate items of Liquid Assets
and Current Liabilities; as also ac­counts
against or in favor of di­rectors,
officers, and employees of
the corporation.
(b) Accounts against enemy debtors,
if any, should not be included in
Liquid Assets, but should be given
position as a principal item, and
at the closing date a reserve of