Which of the following individuals should possess the greatest knowledge of GAAP?
A) managerial reporting officer
B) budgeting department manager
C) financial reporting officer
D) managerial reporting officer.

Question

Quizplus · Accepted Answer

The financial reporting officer is responsible for preparing and presenting financial statements in accordance with GAAP, therefore, possession of the greatest knowledge of GAAP is expected from this individual.

Which of the Following Individuals Should Possess the Greatest Knowledge