Under U.S.GAAP,it would need to be disclosed that Smith Company is under investigation for bribery charges because of ________.
A)materiality
B)the cost constraint
C)timeliness
D)reliability

Question

Quizplus · Accepted Answer

Materiality requires that all significant information that could influence the decision-making of users of financial statements be disclosed. An investigation for bribery charges is likely to be considered material.

Under USGAAP,it Would Need to Be Disclosed That Smith Company Is