Co-operation with the bankers;

              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
is chairman.
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
follows:
"(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