Researching GAAP0 - Advanced Auditing Professor Scott...

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Advanced Auditing Professor Scott Whisenant ACCT 7370 Researching GAAP: RESEARCHING GAAP PROBLEMS The research procedures presented here are intended to serve as a general model for approaching research on accounting issues or questions you may have. These procedures are only intended as an illustration of the process, not as a “cookbook” approach. These procedures should be refined and adapted to each individual fact situation. Research Procedures Step 1: Identify the Problem Gain an understanding of the problem or question. Problems and research questions can arise from new authoritative pronouncements, changes in a firm’s economic operating environment, or new transactions. It is important to remember that research can be performed before or after the critical event has occurred. If little is known about the subject area, it may be useful to consult general reference sources (e.g., Journal of Accountancy, CPA Journal, Business Week) to become more familiar with the topic and build up some “economic horse sense” in the area (i.e., the basic what, why,
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This note was uploaded on 03/06/2012 for the course GEO 505 taught by Professor Johnschmidt during the Spring '12 term at CUNY Graduate School of Journalism.

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Researching GAAP0 - Advanced Auditing Professor Scott...

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