According to the SEC Advisory Committee on Improvements to Financial Reporting, the determination of materiality with respect
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According to the SEC Advisory Committee on Improvements to Financial Reporting, the determination of materiality with respect to financial statement disclosures should be based on an evaluation of the needs of the users of financial statements. Explain what you think the SEC meant by this statement. Do you agree that materiality judgments should be directly influenced by the perceived needs of the users? Why or why not?
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Ethical Obligations And Decision Making In Accounting Text And Cases
ISBN: 9780078025280
2nd Edition
Authors: Steven Mintz, Roselyn Morris
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