ACCOUNTING AND AUDITING PRACTICES
AND PROCEDURES

HEARINGS

BEFORE THE

SUBCOMMITTEE ON

REPORTS, ACCOUNTING AND MANAGEMENT

OF THE

COMMITTEE ON

GOVERNMENTAL AFFAIRS

UNITED STATES SENATE

NINETY-FIFTH CONGRESS

FIRST SESSION

APRIL 19, 21; MAY 10, 12, 24, 26; JUNE 9 AND 13, 1977

Printed for the use of the Committee on Governmental Affairs

U.S. GOVERNMENT PRINTING OFFICE
WASHINGTON: 1977

For sale by the Superintendent of Documents, U.S. Government Printing Office

MARILYN A. HARRIS, Executive Administrator and Professional Staff Member

ELIZABETH A. PREAST, Chief Clerk

PAT DONAT, Assistant Chief Clerk

JOHN B. CHILDERS, Chief Counsel to the Minority
BRIAN CONBOY, Special Counsel to the Minority
HAROLD C. ANDERSON, Staff Editor

SUBCOMMITTEE ON REPORTS, ACCOUNTING AND MANAGEMENT

LEE METCALF, Montana, Chairman

HENRY M. JACKSON, Washington

SAM NUNN, Georgia

JOHN C. DANFORTH, Missouri
CHARLES H. PERCY, Illinois

VIC REINEMER, Staff Director
E. WINSLOW TURNER, Chief Counsel

JOHN B. CHESSON, Counsel

GERALD STURGES, Professional Staff Member
JEANNE A. MCNAUGHTON, Chief Clerk

ANNE BONI, Legislative Assistant

BURLEIGH LEONARD, Minority Legislative Assistant
CHRIS TAYLOR, Research Assistant