What effect does the materiality of a GAAP departure have on the auditors reporting decision?

Question:

What effect does the materiality of a GAAP departure have on the auditor’s reporting decision?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...

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