I have been reading the NINJA notes over and over again...already about to finish my 5th time reading it. However I have never been able to grasp a part of it. What does it mean when a covered member disagrees with supervisor and the supervisors positions is still GAAP/GAAS. I don't quite understand what its saying. Does it mean with the issue is dealing with a GAAP/GAAS issue or what? Please help NINJAS!!
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