Price Waterhouse is one of the oldest established accountancy practices in the world. It is also one of the largest. This history is the story of commercial success: of how a Victorian city partnership of three men grew, in less than 150 years, to employ more than 40,000 people in 143 countries. "True and Fair" shows how Price Waterhouse adapted to the changing fortunes of the British and then the global economy and a rapidly developing commercial environment. Among the themes discussed are Edwin Waterhouse's unprecedented success in building an audit practice, the internationalization of the partnership and setting up of an operation in America, the impact of two world wars, the growth of management consultancy, and latterly the firm's involvement in privatization. The study seeks to explain how Price Waterhouse could remain at the forefront of its profession for over 140 years when so many famous prctices have disappeared through amalgamation or take over. Edgar Jones was granted full access to the firm's archives and has spent over four years researching this exemplary and definitive company history. (NR KAT. 24)