If Most Companies in the Industry Use FIFO Inventory Valuation

Multiple Choice

If most companies in the industry use FIFO inventory valuation and straight-line depreciation,and the audit client uses weighted-average cost inventory valuation and double-declining balance,comparisons of client and industry data

A) will be a meaningful highlight of the result of these differences in accounting methods.
B) will enable the auditor to spot errors but not irregularities.
C) will enable the auditor to spot irregularities but not errors.
D) may not be meaningful,affecting the comparability of data.