Question
(TCO A) When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting
(TCO A) When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner?
Contact the committee if the CFO does not agree to correct the financial statements.
Contact the committee if the CEO supports the CFO and does not agree to correct the financial statements.
Contact the committee if the external auditors support the CEO and do not agree to correct the financial statements.
The audit committee should always be the first to be informed about such a difference of opinion.
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
