This expectation was stressed in SAS No. 90 which stated, "In each SEC engagement, the auditor should discuss with the audit committee the auditor's judgments about the quality, not just the acceptability, of the entity's accounting principles applied in its financial reporting. The discussion should also include items that have a significant impact on the representational faithfulness, verifiability, and neutrality of the accounting information included in the financial statements. “ As a consequence, the choices of accounting principles made by one company are often different than those made by another company. Potential lenders and investors, who read the financial statement and rely on its fair representation of the financial condition
