When an event impacts a financial statement element, it should be recognized in the accounting records even if reliability of the amount is questionable. True False
When an event impacts a financial statement element, it should be recognized in the accounting records even if reliability of the amount is questionable. True False
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 57RSCQ
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When an event impacts a financial statement element, it should be recognized in the accounting records even if reliability of the amount is questionable.
True
False
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