Abstract This article focuses on the Seventh International Congress of Accountants held in Amsterdam, Holland. The program of this event, which is held every five years, was filled with interesting and unusual features. The Dutch people extended their traditional hospitality to all the visitors at the Congress and brief introductions soon ripened into friendships. The Congress was attended by about 2,850 delegates and visitors coming from 40 countries and representing 140 different accounting organizations. Thirty-one formal papers were presented by experts from 13 countries. Eight additional countries were represented on the panels. Four official languages were used: English, Dutch, French, and German. The 31 formal papers had been written months ahead of the Congress, translated into the four languages mentioned above, then printed and mailed to each delegate last June. The authors did not read their speeches at the meeting. The 31 authors, plus several more delegates, were divided into six panels of about twelve to fifteen men each. The six panels, meeting at varying times during the week, discussed the following subjects: Principles for the Accountants' Profession, Verification of the Existence of Assets, Budgeting and the Corresponding Modernization of Accounting, The Internal Auditor and the Internal Audit Function, Business Organization and the Public Accountant Ascertainment of Profit in Business
Paul Garner (Tue,) studied this question.