atans1

Gd US accounting innovation

In Accounting, Corporate governance on 16/11/2017 at 2:42 pm

Starting in 2019, US audit reports will have to include a new section detailing “critical audit matters” (CAMs) — specific issues that made a material difference to the financial statements and required a complex or difficult judgment call. The report will also have to say how the issue was resolved.

Sorry can’t give source as I forgot where i saw this

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