Harvey Kapnick, managing partner, Arthur Andersen & Co....
Eli Mason, CPA, Mason & Co., New York, N.Y.......
William S. Kanaga, managing partner, Arthur Young & Co..
Norman Auerbach, chairman, Coopers & Lybrand....
Elmer B. Staats, Chairman, Cost Accounting Standards Board, accom-
panied by Arthur Schoenhaut, Executive Secretary, Cost Accounting
Standards Board; Jett McCormick, Acting General Counsel, Cost
Accounting Standards Board; D. L. Scantlebury, Director, Financial and
General Management Studies Division, General Accounting Office_
Adm. H. G. Rickover, Deputy Commander for Nuclear Propulsion,
Naval Sea Systems Command, accompanied by Thomas L. Foster,
Special Assistant for Fiscal Matters...
Letter with enclosure to the committee, May 2, 1977.
"What Management Consultants Can Do," from Buisness Week,
January 23, 1965..
Alexander Grant & Co. financial statement, July 31, 1976..
Letter with enclosure to Senator Metcalf, June 20, 1977-
Memorandum to Harold M. Williams, chairman, from Harvey L.
Pitt, general counsel, June 10, 1977....
ADDITIONAL MATERIAL SUBMITTED FOR THE RECORD
"Accounting Standards Board Member Quits," from the Wall Street
Journal, April 16, 1976.
Municipal Accounting and Disclosure-Time for a New Approach, by
John C. Burton, deputy mayor for finance, City of New York, April 22,
1977_.
ADDITIONAL MATERIALS FROM WITNESSES
Supplemental statement of Financial Accounting Standards Board, June 20,
1977...
Letter and enclosure from Senator Percy requesting further information, to
Michael N. Chetkovich, chairman, AICPA, April 19, 1977____
Response from Mr. Chetkovich, June 14, 1977_
Letter from John C. Biegler, Price Waterhouse & Co., providing additional
response to question by E. Winslow Turner, Chief Counsel, June 24,
1977..
Letter and enclosure from Robert Half, Robert Half Personnel Agencies,
Inc., providing additional response to comments of Senator Percy on
Letter from Robert Half, Robert Half Personnel Agencies, Inc, regarding
staff transfers by auditors of publicly owned corporations, to Harold M.
Williams, Chairman, Securities and Exchange Commission, June 14,
1977..
Letter from Senator Metcalf requesting further information, to J. B. Dres-
selhaus, Philip G. Johnson & Co., May 20, 1977.
Response from Mr. Dresselhaus, June 2, 1977.
MATERIALS SUBMITTED FOR HEARING RECORD BY "BIG EIGHT"
ACCOUNTING FIRMS NOT TESTIFYING
Letter and accompanying statement from Michael N. Chetkovich, man-
aging partner, Haskins & Sells, May 23, 1977...
Letter and accompanying statement from Russell E. Palmer, managing
partner and chief executive officer, and Carleton H. Griffin, chairman
of the board of directors, Touche Ross & Co., May 23, 1977-
Letter and accompanying appendix from Ernst & Ernst, June 9, 1977-
Letter and enclosures from Abraham J. Briloff, Emanuel Saxe Distin-
guished Professor of Accountancy, Baruch College, responding to
statement of Arthur Young & Co., June 21, 1977__
Additional response from Professor Briloff, June 24, 1977.
Letter from Louis O. Kelso, president and chief economist, Kelso & Co.,
June 23, 1977..
Letter from Robert A. Behren, editor, The Practical Accountant, alleging
unfair competition from the AICPA in publishing client newsletters for
CPA's, December 30, 1976...
Letter and accompanying memorandum from Frank B. Jewett, Jr.,
president, Technical Audit Associates Inc., regarding the desirability
of requiring technical audits to verify corporation managements' esti-
mates used in preparing public reports, January 7, 1977-
Letter from Earle E. Jacobs, CPA regarding the desirability of adopting
proposal by Eli Mason, CPA, for restructuring the accounting profession,
February 4, 1977-
Letter from David Risenman, CPA, regarding the failure of the AICPA
to meet the needs of small accounting firms and their clients, March 23,
1977...
Letter from Sen. Metcalf requesting analysis of proposal to restrict flow of
partners and staff of auditing firms to clients which are publicly-owned
corporations, to Hon. Gilbert Gude, Director, Congressional Research
Service, April 7, 1977___
Congressional Research Service analysis of proposal to restrict flow of
partners and staff of auditing firms to clients which are publicly-owned
corporations, April 20, 1977..
Letter from Samuel A. Spitz, CPA, chairman pro tem, Coalition of Con-
cerned Connecticut CPAs, regarding problems caused for small account-
ing firms by the AICPA's voluntary quality review plan, April 14, 1977.
Letter from Alam & Co., CPAs, regarding the response of the AICPA to
the subcommittee's staff study, "The Accounting Establishment",
April 19, 1977____
Letter from Frederic M. Stiner, Jr., Ph. D., regarding the ability of CPAs
associated with local accounting firms to perform auditing responsibilities
for large publicly-owned companies, April 22, 1977-
Letter from Richard W. Newman, Jr., CPA, regarding the response of
the AICPA to the subcommittee's staff study, "The Accounting Estab-
lishment", to Michael N. Chetkovich, chairman, AICPA, May 16, 1977- 2107
Letter from George W. Vogel, CPA, recommending the British method
of auditor selection to correct auditing problems, May 18, 1977...
Letter from Alfred Y. K. Au, CPA, regarding the desirability of requiring
CPAs in charge of an audit to personally sign the audit report, May 18,
1977___
Letter from Senator Metcalf to Mr. Au, June 7, 1977..
Letter and accompanying report from Mr. Au, regarding the desirability
of rotating auditing firms and reducing the influence of large accounting
firms, June 13, 1977..
Letter from Donald E. Ramlow, president, A. T. Kearney, Inc., regarding
the performance of management advisory services by CPAs, to Senator
Percy, May 27, 1977..
Letter from J. H. Quick, chairman emeritus, Science Management Corp.,
regarding the performance of management advisory services by CPAs,
to Senator Percy, June 1, 1977.
Letter from Emanuel Weintraub, P. E., president, Emanuel Weintraub
Associates, Inc., regarding the performance of management advisory
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