Question
Would a company be more likely to report a contingent liability under U.S. GAAP or IFRS? a. U.S. GAAP b. IFRS c. Equally likely. d.
Would a company be more likely to report a contingent liability under U.S. GAAP or IFRS?
a. U.S. GAAP
b. IFRS
c. Equally likely.
d. Contingent liabilities are not reported under IFRS.
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
