Inconsistent Application of Accounting Principles by the Client Is a GAAP

question 51

True/False

Inconsistent application of accounting principles by the client is a GAAP violation and would result in a qualified audit report.

---

Definitions:

Calculation

The process of determining something by mathematical or logical methods.

Role Clarity

The extent to which employees understand their responsibilities, the tasks they need to perform, and the expectations of their roles within an organization.

Execution

The phase in project management where plans are put into action and work required to deliver the project is carried out.

Work Processes

The established methods and procedures used by organizations to conduct and complete their day-to-day activities.