Which of the Following Would Be a Reason Where IASB

Multiple Choice

Which of the following would be a reason where IASB would permit companies to change accounting policy?

A) The change would allow the company to present a more favorable profit picture.
B) The change would result in the financial statements providing more reliable and relevant information about a company`s financial position, financial performance, and cash flows.
C) The change is made by the internal auditor.
D) The change will be long-term.