Modern Business Corporations, Including the Organization And Management of Private Corporations, With Financial Principles And Practices, And Summaries of Decisions of the Courts Elucidating the Law of Private Business Corporations, And Explanations of Th

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His work meets that of the general manager. He is the head bookkeeper and auditor and the business statistician upon whom the manager relies for much of his assistance. He is a discoverer of business facts and the ultimate judge of the significance of business facts. Expert ac- countants have been frequently employed as business managers, and, when the managing heads of large corporations die, the Mod. Bus. Corp. — 10 146 MODERN BUSINESS COni'ORATIOSS.
accountants often succeed to those positio
...ns, as, in tlie larger companies, often do also the corporation counsels.
In most corporations the functions of auditor and accountant are performed by one person. There are all degrees of compe- tence among auditors and accountants, and, before employing either, a corporation should demand that the person it employs shall show a certificate of competency from a reliable univer- sity, college or school of audit and accounting or from a state which gives the degree of C. P. A. (certified public accountant) after state examination.


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