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Is this acceptable under igaap

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1. Bill Novak is working on an audit of an iGAAP client. In his review of the client's interim reports, he notes that the reports are prepared on a discrete basis. That is, each interim report is viewed as a distinct period. Is this acceptable under iGAAP? If so, explain how that treatment could affect comparisons to a U.S. GAAP company. 

Reference no: EM131116392

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