Abstract The article presents the American Accounting Association Annual Report, as of August 31, 1968. The examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as considered necessary in the circumstances. The various details presented were as follows: Cash on hand and in checking account, Certificates of deposit, Prepaid expenses, Accounts payable and accrued expenses, Total liabilities and fund balances, Associate members' dues, Increase in value of marketable securities, etc.
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