Bulletin H A S K I N S & S E L LS 5
Co-operation with the Bankers
ANOTABLE gathering occurred at
Briarcliff Manor, New York, October
27, 1930. It was the occasion of the Fall
Meeting of The Robert Morris Associates.
There were present as guests Messrs.
Campbell, Hurdman, Montgomery, Carter,
Foye, Berdon, Webster and Klein, representing
various committees of accounting
societies having relations with the Committee
on Co-operation with Public Accountants,
of which Mr. Harvey Whitney
The discussion which followed was extremely
interesting. Mr. Whitney read
various letters, dealing with matters contained
in reports of public accountants,
which he had solicited and received from
members. On the basis of these he, and
other members, interrogated the accountants.
Some of the matters submitted were as
"(a) Possibly three years ago a complaint
was filed with us involving an item
of accounts receivable in a financial statement
which included a substantial sum due
from a 100% owned subsidiary. We
took this up with the accountant, making
the point that this amount should be segregated.
There was considerable correspondence
back and forth and finally an
intimation that the item would be properly
handled in future statements. This not
being the case, we referred it to the American
Institute Committee on Co-operation
with Bankers, who in turn passed it along
to the Committee on Professional Ethics,
as we had registered this as a formal complaint.
Before the matter was disposed of
the accountant resigned from the American