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Companies are required to report liabilities. Identifying unrecorded liabilities could be challenging yet it protects creditors and stakeholders. 1.Define contingent liabilities and the GAAP that
Companies are required to report liabilities. Identifying unrecorded liabilities could be challenging yet it protects creditors and stakeholders.
1.Define contingent liabilities and the GAAP that governs the reporting or nonreporting?
2. What are your thoughts on the fit or sufficiency of the standard? Is the FASB naive in the expectation of management truthfulness in this area?
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Technical Audit A Thoroughfare Of System Perfection MBTA Management By Technical Audit
Authors: Shankar Bakhsh Srivastava
1st Edition
3848483343, 978-3848483341
