Verification oe PROFiTS.^There has been considerable discussion
as to the scope of an accountant's work when engaged to verify the profits
of a business, some maintaining that it does not include an examination as
to the accuracy of the books of account from which the profits are deter-
mined.
The only way, however, to verify a statement of profits made is to deter-
mine the truth of the figures from which such a statement is compiled, i. e.,
those figures which affect the trading, and profit and loss accounts.
