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hampton

Essay specific features

 

Issue:

Business

 

Written by:

Ruth J

 

Date added:

September 23, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 325

 

Was viewed:

6350 times

 

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Essay content:

"Because of the litigious nature of our society, preparers and auditors want particular rules to stand by," he said. "Second, the SEC is a second guesser. They make their own interpretation of GAAP. The third reason is that the vast majority of complex standards are written to eliminate volatility in the income statement...
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"Second, the SEC is a second guesser. They make their own interpretation of GAAP. The third reason is that the vast majority of complex standards are written to eliminate volatility in the income statement.""To move to principle-based standards, we have to accept volatility in the income statement, but the marketplace has rewarded companies that take the volatility out of the income statement," Ranzilla said...
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