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Financial statements under the Securities Act and the Securities Exchange Act
American Institute of Accountants, American Society of Certified Public Accountants, and United States. Securities and Exchange Commission
We see no reason why, with slight variations, the same type of financial reports should not serve for listing, for registration and prospectuses under the Securities Act and for annual reports. This would, however, be impossible if the Commission should ask for anything like the amount of information now required for registration under the Securities Act. It would be impracticable for corporations of large size to furnish such information promptly. Furthermore, if companies are compelled by regulation to force on an investor a mass of statistics which he can not understand we believe that the purposes of the Acts may be defeated. We, therefore, strongly recommend that, so far as financial reports under the Securities Exchange Act are concerned, the instructions call only for balance-sheets and statements of income, of surplus and of reserves, prepared in the form and detail which the management and the independent accountants believe fairly present the financial condition and operating results of the corporation. These financial reports should be accompanied by a concise statement by the corporation as to the major accounting principles and practices followed during the period under review and any changes in such principles and practices since the preceding year. We also recommend that similar requirements govern the preparation of financial information under the Securities Act and that at the same time the instructions already issued under that Act be modified accordingly.
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Draft of a model C.P.A. bill
American Institute of Accountants
An act to create a State Board of Accountancy, and prescribe its duties and powers; to provide for the examination of and issuance of certificates to qualified applicants, with the designation of certified public accountant and to provide the penalty for violations of the provisions thereof. Approved December, 1926, by the American Institute of Accountants.
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Chapters: Application for Permission to Form a Chapter, By-laws for Chapters
American Institute of Accountants
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Year-book 1916, Officers, Council, Board of Examiners, Committees, Members and Associates. Proceedings of the Annual Meeting at New York, September 19, 20 and 21, 1916
American Institute of Accountants and American Association of Public Accountants
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Year-book 1914-1915, Officers, Committees, Trustees and Meeting at Seattle, Washington, September 21, 22, and 23, 1915
American Association of Public Accountants
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Report of Special Committee on Distribution of Work
American Association of Public Accountants. Special Committee on Distribution of Work
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Year-book 1913-1914, Officers, Committees, Trustees and Members. Proceedings of the Annual Meeting in Washington, September 15th, 16th, and 17th, 1914
American Association of Public Accountants
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Year-book, 1912-1913,Officers, Committees, Trustees and Members. Proceedings of the Annual Meeting in Boston, September 16th, 17th, and 18th, 1913
American Association of Public Accountants
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Year-book (Twenty-fifth anniversary). Officers, Committees, Trustees and Members. Proceedings of the Annual meeting in Chicago, September 16th, 17th, 18th, and 19th, 1912
American Association of Public Accountants
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Executive officer for the American Association of Public Accountants; Bulletin, September 30th, 1910
American Association of Public Accountants
At a meeting of the Special Committee on Guarantee Fund held September 30th, 1910, the secretary reported that up to date One hundred and thirty-nine (139) members have subscribed Twenty-five ($25) Dollars each, and Fifty-four (54) Ten ($10) Dollars each. This makes a GUARANTEE FUND of more than Four Thousand Dollars ($4,000) per annum for the next three years, all or any part of which may be called for by the Board of Trustees of the Association. An alphabetical list of the names and addresses of the subscribers is appended. In response to requests made of them, several members of the Association have contributed their views on the question of employing an executive secretary. A copy of these opinions is presented herewith.
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Annual meeting of the American Association of Public Accountants, held at the Hotel Hartman, Columbus, Ohio, on October 23, 24, and 25, 1906; Year-book 1906
American Association of Public Accountants
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Year-book 1905, officers, committees, trustees and members. Proceedings of the annual meeting at New York, October 17, 1905.
American Association of Public Accountants
