Special Report of Gilbert H. Hendren, State Examiner : For the Period from July 1, 1914, to June 30, 1916 (Classic Reprint) epub

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Special Report of Gilbert H. Hendren, State Examiner : For the Period from July 1, 1914, to June 30, 1916 (Classic Reprint) epub

Special Report of Gilbert H. Hendren, State Examiner : For the Period from July 1, 1914, to June 30, 1916 (Classic Reprint) .Gilbert H Hendren

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Author: Gilbert H Hendren
Page Count: 44 pages
Published Date: 27 Sep 2015
Publisher: Forgotten Books
Publication Country: United States
Language: English
ISBN: 9781332136117
Download Link: Special Report of Gilbert H. Hendren, State Examiner For the Period from July 1, 1914, to June 30, 1916 (Classic Reprint)
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Excerpt from Special Report of Gilbert H. Hendren, State Examiner: For the Period From July 1, 1914, to June 30, 1916 Hon. Samuel M. Ralston, Governor: The success and appreciation of the special report filed for your consideration under date of July 29, 1914, have prompted me to again undertake a statement of the purposes of the public accounting law and the progress made by the State Board of Accounts. The former report was given general circulation, and requests for copies were received from other state departments and from students of economics in this and other states. We were favored with many words of commendation of the report. All of which is very gratifying to the officials of the board, and is especially significant as indicating the practibility and effectiveness of our law. The public accounting law of Indiana is unanimously endorsed, and we are convinced is the best and most economical accounting law of any state in the Union. Practically all of the opposition that exists to the State Board of Accounts and any adverse criticism of the law are traceable to some interference by the board with questionable transactions of officials, or with deals and combinations of unscrupulous persons to prevent honest and fair competition. The public accounting law is the result of a popular demand in corporate business for a greater insight into the details of the company's affairs. In former years the officials, and especially the stockholders, were satisfied with a fair return on their investment and no questions were asked. In this advanced age of combinations and consolidation of capital such is not the case. No matter how big the dividend, the stockholder demands to know why it was not larger, and what constitutes the heretofore ambiguous item of "expense;" or he may feel that the dividend is greater than justified by the volume of the business. It may be that he thinks the officials are fooling themselves, and the large dividend is not justified. He may feel that sooner or later there will be a discovery, when his stock may become impaired or he may be called upon to return in the form of an assessment dividends not earned. He has, or thinks he has, ideas by which the expense can be reduced, and he demands of his officials detailed reports covering every item of cost of the business. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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