Solved

If a Change in Accounting Principle Has a Material Effect

Question 116

Short Answer

If a change in accounting principle has a material effect on the comparability of the financial statements, then AU-C 708 requires auditors to add an_______ paragraph to the auditor's report.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q108: With respect to management's disclosure required for

Q109: Companies typically present their financial statements in

Q110: Which of the following is NOT a

Q111: Auditors must use their professional judgment _.<br>A)to

Q112: The portion of the consolidated financial statements

Q113: Engagement of a component auditor requires an

Q114: Material misstatements discovered during the audit _.<br>A)are

Q115: An audit involves performing procedures to obtain

Q117: A/an _ is presented by the auditor

Q118: Companies typically present their financial statements _.<br>A)to