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Several Sources of GAAP Consulted by an Auditor Are in Conflict

Question 29

Multiple Choice

Several sources of GAAP consulted by an auditor are in conflict as to the application of an accounting principle.Which of the following should the auditor consider to be the most authoritative?


A) CPA Canada Handbook.
B) CPA Canada Exposure Drafts.
C) Industry practice.
D) Federal legislation.

Correct Answer:

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