Moonitz felt that APB Statement 4 should have been issued as an opinion rather than as a statement because departures from GAAP made in a statement did not have to be disclosed.

Question

Quizplus · Accepted Answer

Moonitz believed that because departures from GAAP made in a statement did not have to be disclosed, it would have been more appropriate for APB Statement 4 to have been issued as an opinion rather than a statement.

Moonitz Felt That APB Statement 4 Should Have Been Issued