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 an additional 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
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