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Caption: Board of Trustees Minutes - 1944
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720 BOARD OF TRUSTEES [October 29 For the two year term, Mr. Andrew J. Dallstream, Pam, H u r d & Reichmann, 231 South LaSalle Street, Chicago. F o r the three year term, Mr. F r a n k Ahlforth, Arthur Young & Company, 1 North LaSalle Street, Chicago. Mr. Ahlforth is a partner in the firm of Arthur Young & Company, a member of the American Institute of Accountants and the Illinois Society of Certified Public Accountants. From 1935 through 1938 he was Secretary of the Illinois Society. In 1941-1942 he was Vice-President and in 1942-1943 he was President of the Society. H e is strongly endorsed as a member of the Board by all accountants whom the members of the Committee have consulted. Mr. Ahlforth holds the C.P.A. certificates of Utah, Iowa, and California. He is entitled to receive the Illinois certificate by reciprocity under the new Accountancy Act. His application therefor has been received by the Committee and he is being recommended separately for the certificate. Mr. Andreae and Mr. Dallstream have served one and two years respectively under the former Act. Mr. Ahlforth is a new member. All appointments to this board should date from July I, 1943, when the new Accountancy Act became effective. I recommend approval of these appointments. On motion of Mr. Jensen, these appointments were made as recommended. Compensation of Accountancy Examiners (3) T h e Accountancy Act of 1943 provides that the University of Illinois shall determine the "reasonable compensation" for the members of the two boards of examiners created by this Act. T h e C.P.A. Act for 1903 provided $10 a day, which has not been adequate. The University Committee on Accountancy recommends that compensation for each member of both boards shall be $25 per eight-hour day. This compensation is the amount received by members of special boards of the Federal Government. T h e income from examination fees paid by candidates for C.P.A. certificates will be adequate to cover the expenses of administering the law, including this rate of compensation for the examiners. I recommend approval. On motion of Mr. Jensen, this recommendation was adopted. Award of C. P. A. Certificates (4) Under the Accountancy Act of 1943 the certificate of Certified Public Accountant may be awarded to the following members of the accounting profession without examination: 1. Holders of unrevoked C.P.A. certificates of other states or territories of the United States or the District of Columbia who are also holders of unrevoked certificates of registration as public accountants in Illinois, as provided in Section 4 ( a ) (1) of the Accountancy Act of 1943. 2. Holders of unrevoked certificates of registration as Public Accountants in Illinois received on the basis of regular examinations given by the Board of Examiners of the State Department of Registration and Education pursuant to an act of the General Assembly of Illinois in force July I, 1927. (This act has subsequently been repealed and superseded by the Act of 1943). 3. Holders of unrevoked C.P.A. certificates of any other state, territory, or the District of Columbia as provided in Section 5 of the Accountancy Act of 1943. , . ... T h e Committee on Accountancy presents herewith the following candidates who have qualified for the certificate of Certified Public Accountant under the Accountancy Act of 1943 and recommends the award of the certificates in these cases. I concur in this recommendation. 1. Holders of unrevoked C.P.A. certificates of other states or territories of the United States or the District of Columbia who are also holders of unrevoked certificates of registration as public accountants in Illinois (Section 4 (a) ( 1 ) ) :
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