"Duties of an Auditor," Lord Davey's opinion of, 291 Edinburgh United Breweries, &c. v. James A. Molleson, &c., 312 516 Edmonds, Mr. Wm., on Corporation Accounts, 122 Employees' defalcations, Auditor's liability for, 292 Exemption from income tax, Undertakings entitled to, 337 Exemptions from income tax, 336 Existence of assets, Verification of, 164 Expenses held in suspense, 262 Extract from The Accountant on "Municipal Accounts," 133 Fluctuation of investments, 240 Foreign exchanges, 209 mines, Accounts of, 92 Forfeited shares, 206 Formation of secret reserves, 207 208 Form of accounts, Advice of auditor as to, 31 212 payments, Vouchers for, 18 system of internal check, 32 Goddard, Mr. F. R., Instructions for audit, 123 Goodwill, 174 324 "Gross profit," Definition of, 216 Half-yearly audit, Instructions for, 127 Hire-purchase agreements, 175 182 Horden v. Faulkner and others, 163 Horses, Depreciation of, 189 Hotels, Accounts of, 80 Importance of statistical information, 231 Stock Accounts, 55 Income tax, Abatements of and exemptions from, 336 Basis of assessment for, 335 Classes of income assessable for, 331 Deduction of in payment of dividends, 27 337 Modification of assessment for, 337 Profits assessable for, 334 Undertakings exempt from, 337 Industrial and Provident Societies Act 1893, 494 YY Inspection committee of savings banks, 144 of Balance Sheets, Necessity for, 15 321 Institutions, Accounts of, 137 "Instructions for the Guidance of Secretaries," Extract from, 138 Instructions as to preparation of books for audit, 71 وو head bookkeeper as to general system, 33 Insurance offices, Points in audit of, 100 Interest, Audit of payments of, 27 33 received and allowed, Treatment of, 46 Internal check, General system of, 32 Investigation on behalf of a projected company, 316 Investigations, Examinations of Revenue Accounts in, 321 Statements of, on Balance Sheet, 248 Irish Woollen Company case, 165 293 633 Joint stock companies, Accounts of, 26 Joseph Hargreaves, Lim., case, 213 308 654 Journal, The use of, 62 Kingston Cotton Mills case, 165 277 288 304 566 569 Lancaster Building Society case, 299 Land, Verification of value of, 164 Landlord's fixtures, Depreciation of, 193 Landlords' property tax, 332 Leases, Treatment of, 52 Leasehold land and premises, Depreciation of, 189 246 Ledger for doubtful debts, form of, 61 Leeds Estate, &c., Society case, 285 300 504 Lee v. The Neuchatel Asphalte Company, Lim., 257 505 Liability of an auditor, 11 115 163 165 208 284 292 299 Libel, Liability of auditors for, 293 Licensed houses, Depreciation of, 190 Life Assurance Companies Act 1870, 358 Limit of auditor's liability, 308 Lindley, Lord Justice, Definition of profits, 258 Local authorities, Accounts of, 120 Localisation of errors in balancing, 25 London and Colonial Finance Corporation, Lim., case, 297 600 Losses, Exceptional, 328 Reserves for, 264 Machinery, Depreciation of, 190 195 197 Manufacturers, Accounts of, 222 Manufacturing traders, Accounts of, 75 Martin v. Isitt, 292 607 Mastery of the general system of client's books, Desira- bility and meaning of, 10 320 Maynards, Lim. v. Maynards and others, 644 Meaning of the word “assets,” 234 Medical men, Accounts of, 156 Memorandum and Articles of Association and other deeds |