Changes That Affect Comparability but That Do Not Involve a Change

question 31

True/False

Changes that affect comparability but that do not involve a change in accounting principle or the correction of a misstatement are normally disclosed in the footnotes but do not require an explanatory paragraph in the audit report.

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Definitions:

Ground Rules

Established guidelines or principles that govern behavior and expectations in a specific context or activity.

Participant's Behavior

Actions or conduct displayed by individuals taking part in a study, event, or activity, often observed to gather data or insights.

Agenda Progress

The advancement in discussing or completing the items listed on an agenda during a meeting or conference.

Negative Attitudes

A mindset or disposition that leans towards pessimism, criticism, or opposition, often affecting behavior and perception.