Comment on the accuracy of the following: A client's uncorrected material departure from the suitable criteria identified

Question:

Comment on the accuracy of the following: A client's uncorrected material departure from the suitable criteria identified during an examination conducted under the attest standards is treated as a departure from in a financial statement audit-either a qualified or adverse opinion is appropriate.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...