Management has considerable discretion over the particular accounting procedures used in the statements and over the details contained in supplemental footnotes and related disclosures.

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Amelia Fernandez · Accepted Answer

Final Answer : True, Explanation :  Management has significant control over the accounting procedures and disclosures in the financial statements. However, they must comply with generally accepted accounting principles (GAAP) and other regulatory requirements.

Management has considerable discretion over the particular accounting procedures used in the statements and over the details contained in supplemental footnotes and related disclosures.

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