Multiple Choice
When there has been a change in accounting principles but its effect 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 opinion paragraph.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following situations would not
Q9: The first paragraph of the standard report
Q10: How is the auditors' own responsibility for
Q11: If a going-concern uncertainty exists,auditors may not
Q12: Under which of the following conditions can
Q14: When an entity will not permit inquiry
Q15: Which of the following is not included
Q17: How would the auditors' opinion on the
Q18: The _ paragraph indicates the character of
Q70: If financial statements contain a material but