To the Editor of the "Nowrm-CHINA Dany News"
Sin, n reply to Inquiry the first Tandon Associate of Certified Ac-Recognition by Parliament of the
€ountants—of which I have knowledge—was in 1930 when a private Bill las introduced into Parliament Containing provision relaüng to the certification of accounts and the production of a certificate signed by "a qualified accountant," This bill defined "a qualified accountant" as meaning (1) a person who is a member of the Institute of Chartered Accountants in England and Wales, the Society of Incorporated Accountant and Auditors or the London Association of Accountants."
Subsequent bills passed by Parllament included members both of the London Association and of the Cor-Poration of Accountants and the position to-day is that both these bodies are recognized in, among others, the following ways:—(a) As auditors to companies in-under the Companies As liquidators, receivers, trustees in bankruptcy, etc.
(c) By the Finance Acts, 1918- 1926, in relation 1o Income Tax returns.
(d) By the Inland Revenue
tions (Audit) Act 1893 ana fy e) By ipal C the Munici] orporaseveral private acts.
This general recognition was only gained after the Local Legislation committee had made searching enquiries into the efficiency of the examinations of the two professional bodies concerned and their general standing in the profession.
CHARTERED ACCOUNTANT.
Shanghai, Jan. 15.
Text read from the printed page and cleaned; old type leaves the occasional error.