Questionnaires were sent to controllers of the 500 largest American industrial firms with a 53.8% response. The accountants were asked to evaluate the adequacy of current reporting procedures. The disclosure rated as more deficient, accounting for human resources, was ranked fifth in importance. Effects of price-level changes were deemed the second largest deficiency, but ranked sixth in importance. The rate of return on investment was rated third in deficiency, but first in importance [Francia and Strawser,1972].
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