Lou, CPA, is reviewing the financial statements of trading corporation and becomes aware of the material departure from generally accepted accounting principles. What is the proper next course of action for Lou to take?
A) modify the report by stating that, except for the issue noted in the known departure from accounting principles generally accepted in the United States of America, Lou is not aware of any material modifications and should be made.
B) withdraw from the engagement and provide no further services.
C) modify the report by adding a separate paragraph disclosing the departure.
D) recommend that treating Corporation revise the financial statements to conform with generally accepted accounting principles
