Audit
Balance-Sheet Audit
- by Kunio Chiyoda
- /Professor of Graduate School of Business Administration, Ritsumeikan University
- Page Count: 494pages
- Pub. Date: First Printed in January 2008
- ISBN: 978-4-502-27960-7
Summary
Balance-Sheet Audit is said that is for the audit for banks in the early 20th Century in the US. Author questions that is it so popular which was introduced by Stephen Gilman, A.C Littleton, Michael Chatfield and so on ? And he concluded that the audit for banks was not firmly established in US.
On the other hand, during the same time, annual audit for stockholders was developing widely. Especially those companies listed on the New York Stock Exchanges. adopted annual audits by public accountants until 1920th. This is very unique investigations.
The author checked articles and news in the Commercial & Financial Chronicle, The Journal of Accountancy, The Bankers’ Magazine, Big 8 History for about fifty years and direct communications with about 200 companies.