An Auditor Is Not Required to Tell the Reader of an Audit

question 50

True/False

An auditor is not required to tell the reader of an audit report when there has been a change in accounting principles that materially affects the financial statements.

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Definitions:

Developmental Model

A framework used to describe or understand the evolution or growth of objects, systems, or individuals.

Intercultural Sensitivity

The awareness, understanding, and appreciation of cultural differences and the ability to adapt one's behavior accordingly.

Acceptance Stage

is a phase in various models of psychological processes where an individual recognizes and accepts the reality of a situation.

Competitive

A characteristic of businesses or individuals that strive to provide products or services in a manner that outperforms their rivals.