SAB 108 mandates what is termed a(n)___ to uncorrected misstatements.
A)matrix approach
B)dual approach.
C)percentage approach
D)judgmental approach

Question

Quizplus · Accepted Answer

SAB 108 mandates a dual approach to uncorrected misstatements, which requires both quantitative (percentage) and qualitative (judgmental) considerations in determining how to address misstatements in financial statements. The matrix approach is not a term used in SAB 108.

SAB 108 Mandates What Is Termed A(n)___ to Uncorrected Misstatements