If you are a professional accountant who is considering reporting noncompliance as contemplated under the NOCLAR standards, you would decide if the matter was significant enough to require reporting if it:
A)was larger than the company's materiality standards for financial disclosure.
B)would have increased bonuses.
C)was self-correcting in the next quarter year and resulted in no distortion.
D)understated taxes payable.
E)avoided the exercise of legal covenants from lenders.

Question

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The Answer of If you are a professional accountant who is considering reporting noncompliance as contemplated under the NOCLAR standards, you would decide if the matter was significant enough to require reporting if it:
A)was larger than the company's materiality standards for financial disclosure.
B)would have increased bonuses.
C)was self-correcting in the next quarter year and resulted in no distortion.
D)understated taxes payable.
E)avoided the exercise of legal covenants from lenders.

If You Are a Professional Accountant Who Is Considering Reporting