When a CPA is associated with financial statements that do not comply with promulgated GAAP because the statements would be misleading without the departure, the CPA is not required to disclose
a. The departure
b. The approximate effects of the departure in comparison to the application of GAAP
c. The reason the departure does not have a material effect on the statements
d. The reasons compliance would have been misleading
Ans: c. The reason the departure does not have a material effect on the statements
Business
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