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:

African Explorer

An African Explorer refers to an individual who explores the African continent, historically often with the intention of discovering new lands, resources, or geographical features.

Native Americans

The indigenous peoples of the United States, including both the mainland and Alaska Natives.

Pánfilo de Narvaez

A Spanish conqueror and explorer known for his expeditions in the early 16th century, including an ill-fated venture in Florida.

Linguistic Skills

The ability to use language effectively and competently, including speaking, listening, reading, and writing in one’s first language or additional languages.