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:

AAny material deviation from GAAP must be explained to the reader of the financial information.

BAny material deviation from SAS must be explained to the writer oh the financial information.

CAny material deviation from GAAP must be explained to writer of the financial information.

DNone of above

Show Suggested Answer

Suggested Answer: A

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

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Delisa

4 days 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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Lang

7 days 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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Eva

7 days 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

9 days ago

I agree with Dallas, because any deviation from GAAP should be explained to the reader.

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Dallas

16 days ago

I think the principle behind full disclosure is option A.

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