The Auditing Section held its first meeting at the annual AAA meeting in Atlanta on August 23, 1976. The vibrancy of the organization is evidenced by its steady growth. Within two years of the Section's inception, membership had grown by August, 1978 to 450 members. By 1980, membership exceeded 1,000 members. Today, there are over 1,600 members in the Section. Exhibit IV provides a detailed summary of Section membership through November, 1989 as reported by the AAA's Sarasota office.
Exhibit V presents some summary highlights of the Auditing Section's financial status. In the early years, virtually all revenues came from dues. In 1981, the Section began to realize some revenue from journal subscriptions and journal advertising. Also in 1981, expenses increased dramatically due to the costs associated with publishing the journal. The Peat Marwick Foundation grants for the ROA: The Second Decade project were a significant source of non-dues revenue in 1986 through 1988.
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