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:

+.50 Correlation

A statistical measure that indicates a moderate positive relationship between two variables, meaning as one variable increases, the other variable tends to also increase to some extent.

Longitudinal

Longitudinal refers to a type of research study or observation that takes place over an extended period, allowing for the assessment of changes and developments over time.

Ethical Soundness

The degree to which actions or decisions align with moral principles and ethical standards.

Developing Memory Skills

The process of improving the ability to encode, store, and retrieve information over time.