Book review; News items;

              96 HASKINS & SELLS December
Book Review
Eggleston, De Witt C. Auditing Pro­cedure.
(New York, John Wiley and Sons,
Inc., 1926. 528 p.)
Although auditing has been emphasized
in certified public accountants' examina­tions
for many years and the subject has
been made a definite part of accounting
curricula, it has not received its propor­tionate
place in accounting literature,
especially in America. Candidates for
C. P. A. examinations frequently are at a
loss in their search for adequate material
in the field of auditing.
Those who are more or less inexperienced
in professional accounting probably have
greater difficulty in applying the principles
of auditing in practice than the theoretical
training gained in any other division of
accounting, which may partially explain
the differences in auditing textbooks and
methods of instruction. The author of
the present work devotes practically the
entire volume in presenting the procedure
to be followed in making an audit of the
accounts of a business enterprise. The
book is intended principally for the pro­fessional
accountant who may desire to
refer to the methods in general use for
auditing particular accounts. The ab­sence
of a long practice problem permits
the author to discuss more fully the prin­ciples
of audit procedure which increases
the value of the book to the practicing ac­countant
for reference purposes.
The major part of the book is devoted
to general audit procedure. Each chapter
deals with the program of audit and the
method of procedure for the verification of
some account or group of accounts begin­ning
with the assets and liabilities as ar­ranged
on a typical balance sheet followed
by the profit and loss accounts encountered
in detailed audits. A few special audits
outside of the manufacturing realm are
explained in the last hundred pages. Some
idea of the arrangement of the book may
be gathered from the fact that the forty-three
chapters are divided into more than
six hundred topical subdivisions with
nearly six hundred review questions dis­tributed
throughout the book at the ends of
the chapters.
References to Treasury Department
regulations are included wherever perti­nent.
The value of this additional mate­rial
is partly offset by the possibilities of
new decisions superseding the old ones.
Mr. Eggleston's book is one of The
Wiley Accounting Series edited by Mr.
Hiram T. Scovill.
News Items
Mr. W. E. Nissen, manager of our
Salt Lake City office, has been elected
vice president of the Utah Association of
Certified Public Accountants.
Mr. T. V. Barb, who has been assistant
manager of our Providence office, has been
appointed manager of that office, as of
November 1, 1926.
Mr. E. L . Kincaid has been appointed
assistant manager of our Newark office,
as of November 1, 1926.
Mr. T. N . Moir of our New York Thirty-ninth
Street office is to be congratulated
upon receiving his New York C. P. A.
certificate, as a result of the May exami­nation.
Mr. W. L . Brown of our Charlotte office
also is to be congratulated upon recently
receiving the C. P. A. certificate of the
State of North Carolina.
PRESS OF WILLIAM GREEN, NEW YORK