Do you concur with management's assessment that the accounting change is immaterial and, therefore, requires no disclosure?

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Do you concur with management's assessment that the accounting change is immaterial and, therefore, requires no disclosure? Why or why not?

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Auditing Cases An Interactive Learning Approach

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Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

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Question Posted: Mar 17, 2016 04:23 AM

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Do you concur with management's assessment that the accounting change is immaterial and, therefore, requires no disclosure?

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We find that most of them do not concur with management They generally indicate that disclosure must be made for two reasons 1 GAAP requires disclosur...View the full answer

Auditing Cases An Interactive Learning Approach

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