If There Is a Deviation in the Statements' Preparation in Accordance

question 151

Multiple Choice

If there is a deviation in the statements' preparation in accordance with GAAP and another accounting principle was applied on a basis that was not consistent with that of the preceding year,

• A) the auditor must choose which modification to include in the audit report.
• B) only the most material modification can be disclosed.
• C) more than one modification should be included in the report.
• D) none of the above.

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Definitions:

Spears

Long-shafted weapons with a pointed tip, typically used for thrusting or throwing.

Environment

The surrounding conditions, influences, and natural life in which a person, animal, or plant lives and operates.

Living Lineages

Sequences of living organisms that are descended from a common ancestor, showcasing the path of evolution.

Mammals

A class of warm-blooded vertebrate animals characterized by the presence of mammary glands, hair or fur, and a neocortex.