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ACFE Exam CFE Topic 4 Question 38 Discussion

Actual exam question for ACFE's CFE exam
Question #: 38
Topic #: 4
[All CFE Questions]

The principle behind full disclosure is:

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Suggested Answer: A

by Lashon at Jul 28, 2023, 04:07 AM

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Na
2 months ago
Option C is a bit confusing. Shouldn't the deviations be explained to the readers, not the writer? I think A is the way to go.
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Alease
15 days ago
Definitely, it helps to provide a clear picture of the financial health of the company.
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Carma
17 days ago
Yes, it's important for transparency and to ensure that the readers have all the necessary information.
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Jesse
24 days ago
I agree, the principle behind full disclosure is that any material deviation from GAAP must be explained to the reader of the financial information.
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Gail
2 months ago
Haha, option D is tempting, but I don't think 'none of the above' is the right answer here. Gotta love when they try to trick us with that one!
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Reita
19 days ago
I agree, option D is always tempting but it's usually not the right answer!
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Juan
24 days ago
C) Any material deviation from GAAP must be explained to writer of the financial information.
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Adelina
1 months ago
A) Any material deviation from GAAP must be explained to the reader of the financial information.
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Delisa
2 months ago
I'm not sure about this one. Option B doesn't make much sense to me - why would deviations from SAS need to be explained to the writer?
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Keshia
9 hours ago
A) Any material deviation from GAAP must be explained to the reader of the financial information.
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Tomas
2 days ago
D) None of above
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Jesusita
3 days ago
I agree, option B doesn't seem relevant in this context.
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Malcom
8 days ago
C) Any material deviation from GAAP must be explained to writer of the financial information.
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Filiberto
9 days ago
A) Any material deviation from GAAP must be explained to the reader of the financial information.
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Lang
2 months ago
Option A seems to be the correct answer. Full disclosure requires explaining any material deviations from GAAP to the readers of the financial information.
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Ettie
2 months ago
Yes, full disclosure ensures that any significant deviations from GAAP are clearly communicated to the readers of the financial information.
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Dion
2 months ago
I agree, option A is the correct answer. Full disclosure is important for transparency.
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Eva
2 months ago
I'm not sure, but I think option C could also be correct, as it mentions explaining to the writer of the financial information.
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Doyle
2 months ago
I agree with Dallas, because any deviation from GAAP should be explained to the reader.
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Dallas
3 months ago
I think the principle behind full disclosure is option A.
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