Question: Under what circumstances may a CPA justify using an alternative principle to U . S . GAAP? Whenever they believe it would simplify financial statement
Under what circumstances may a CPA justify using an alternative principle to US GAAP?
Whenever they believe it would simplify financial statement preparation.
When industry practices conflict with US GAAP.
If unusual circumstances would make it misleading to follow normal US GAAP principles.
Only when the client insists on it
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