Due to securities commission requirements,audit report reservations due to GAAP departures are rare.

Name: Due to securities commission requirements,audit report reservations due to GAAP departures are rare.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Securities commissions typically require strict adherence to GAAP, and companies are expected to rectify any departures. Therefore, it is rare for audit reports to include reservations due to GAAP departures.

Due to Securities Commission Requirements,audit Report Reservations Due to GAAP