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The Objective of the Second PCAOB Standard of Reporting Is

Question 58

Multiple Choice

The objective of the second PCAOB Standard of Reporting is to provide assurance that


A) There are no variations in the format and presentation of financial statements.
B) Substantially different transactions and events are not accounted for on an identical basis.
C) The auditor is consulted before material changes are made in the application of accounting principles.
D) The comparability of financial statements between periods is not materially affected by changes in accounting principles that are not disclosed.

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