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When does the industry specificity principle override general accounting practices? Unique sector characteristics demand specialized treatment b. General rules apply equally to all industries c. Standard practices never need modification d. Industry customs have no accounting impact

When does the industry specificity principle override general accounting practices? Unique sector characteristics demand specialized treatment b. General rules apply equally to all industries c. Standard practices never need modification d. Industry customs have no accounting impact

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
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When does the industry specificity principle override general accounting practices? Unique sector characteristics demand specialized treatment b. General rules apply equally to all industries c. Standard practices never need modification d. Industry customs have no accounting impact
Transcribed Image Text:When does the industry specificity principle override general accounting practices? Unique sector characteristics demand specialized treatment b. General rules apply equally to all industries c. Standard practices never need modification d. Industry customs have no accounting impact
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