Solved

When There Has Been a Change in Accounting Principles, but the Effect

Question 1

Multiple Choice

When there has been a change in accounting principles, but the effect of the change on the comparability of the financial statements is not material, the auditors should


A) refer to the change in an explanatory paragraph.
B) explicitly concur that the change is preferred.
C) not refer to consistency in the report.
D) refer to the change in the Basis for Opinion Section.

Correct Answer:

verifed

Verified

Related Questions