Multiple Choice
If management fails to provide adequate justification for a change from one generally accepted accounting principle to another,the auditors should
A) Add an additional paragraph and express a qualified or an adverse opinion on the entity's financial statements for lack of conformity with generally accepted accounting principles.
B) Disclaim an opinion on the entity's financial statements because of uncertainty.
C) Disclose the matter in a separate explanatory paragraph but not modify the opinion paragraph on the entity's financial statements.
D) Neither modify the opinion on the entity's financial statements nor disclose the matter because both principles are generally accepted accounting principles.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: In which of the following circumstances may
Q21: If the auditors present a combined report
Q22: When the auditors lack independence,a(n)_ is issued
Q23: When presenting reports on the entity's financial
Q24: When reporting on comparative financial statements,auditors ordinarily
Q26: Reference in a group auditors' report to
Q27: When the financial statements contain a departure
Q28: When auditors issue a report on the
Q29: Auditors would be more likely to issue
Q30: In a standard report,which of the following