The client's correct interpretation of GAAP in company policies is approved by:
A) the board of directors.
B) top financial management.
C) the audit committee.
D) Both b and c

Question

Quizplus · Accepted Answer

The client's interpretation of GAAP in company policies is ultimately approved by top financial management, such as the Chief Financial Officer (CFO), and the audit committee of the board of directors. Therefore, choices B and C are both correct.

The Client's Correct Interpretation of GAAP in Company Policies Is