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If you are a professional accountant who is considering reporting noncompliance as contemplated under the NOCLAR standards, you would decide if the matter was significant
If you are a professional accountant who is considering reporting noncompliance as contemplated under the NOCLAR standards, you would decide if the matter was significant enough to require reporting if it: -was larger than the company's materiality standards for financial disclosure. -would have increased bonuses. -was self-correcting in the next quarter year and resulted in no distortion. -understated taxes payable. -avoided the exercise of legal covenants from lenders
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