Annual meeting;

              Bulletin HASKINS & SELLS 77
Annual
THE 1925 annual meeting of members
and managers was held at the execu­tive
offices on September 17, 18, and 19.
The program differed somewhat from
previous years, in that the entire first day
was given over to informal gathering,
which afforded an opportunity for many
individual conferences and discussions.
The change proved very welcome, since in
previous years not enough time has been
allowed for this sort of thing.
Another variation from the usual order
consisted in holding the golf tournament on
the second day, due to the fact that it is
not possible to entertain visitors at a golf
course on Saturdays and Sundays. The
golf tournament has come to be an insti­tution,
and is an event to which every one
looks forward with a great deal of pleasure,
even though it may be followed with
personal disappointment in some instances
when the scores are recorded.
The prizes were awarded to the fol­lowing:
Mr. Morris—Low gross
Meeting
Mr. Jumonville—Low net
Mr. R. W. Peters—Consolation
The third day, Saturday, was given over
to professional and business conferences,
with Mr. Ludlam presiding at the meetings.
Matters relating to practice office manage­ment
and general administration were dis­cussed
first, after which considerable time
was devoted to the subject of technical
procedure.
Mr. Wildman announced that the second
section of the technical procedure manual,
which deals with the verification of cash
records, is expected to be distributed by
about October 15th. He then discussed
at some length the method of approach
to this subject in the manual, particu­larly
with respect to the classification of
situations with which we are confronted
in auditing, the variations calling for
differences in auditing procedure. He
pointed out that the studies which have
been conducted by the technical pro­cedure
department on the possibilities of
perpetration and concealment of fraud,