The Object of the Bill is to regulate the profession of accountants and auditors in order to raise even higher the professional standards so far reached, and to introduce common practices and ensure a higher degree of integrity among the profession. By these and other provisions, including the requirement that all auditors shall be insured against liability for loss or damage caused by their fault, negligence, and other wrongful acts, a much greater protection - which will be completely new in certain respects- will be given to the public at large and to shareholders, depositors and investors in particular.