Question: Explain how the auditors determine whether a clients accounting is appropriate when the FASB Codification includes no specific guidance with respect to accounting for a

Explain how the auditors determine whether a client’s accounting is appropriate when the FASB Codification includes no specific guidance with respect to accounting for a particular type of transaction.

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If the guidance for a transaction or event is not specified within the authoritative GAAP the FASB C... View full answer

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