Using the AICPA Code of Professional Conduct as your reference, what is covered in these standards that relates to the preparation of financial statements? Do you think these standards are comprehensive or do you think they need updating? Do not forget to note your source include the complete library website or document number.
 

Using the FASB Codification as your source, how are gain and loss contingencies recorded? Do you agree with this treatment or would you suggest some other way to record these transactions?

Answer rating: 100% (QA)

According to the AICPA Code of Professional Conduct the standards relevant to the preparation of financial statements involve the ethical principles t... View the full answer