AUDITING STANDARDS AND PROCEDURES IN THE LIGHT OF COURT DECISIONS

Authors

Frederick K. Rabel, University of Berlin

Abstract

Ever since the Securities and Exchange Commission announced its amended rule 2-02 and required the accountant's certificate to include a statement as to compliance with generally accepted auditing standards, the accounting profession has been confronted with the problem of how to state those heretofore undefined standards. In the meantime, the committee on auditing procedure of the American Institute of Accountants requested the assistance of all practicing certified public accountants and all state accounting societies in taking prompt action toward defining auditing standards, and two members of the profession have since gone on record by courageously submitting tentative lists of proposed auditing standards.

Recommended Citation

Frederick K. Rabel, AUDITING STANDARDS AND PROCEDURES IN THE LIGHT OF COURT DECISIONS, 42 Mich. L. Rev. 1009 (1944).
Available at: https://repository.law.umich.edu/mlr/vol42/iss6/4