If a Company Has Changed Accounting Principles, the Auditor Will

question 4

Multiple Choice

If a company has changed accounting principles, the auditor will issue what type of statement?

• A) Lack of accounting standards.
• B) Change in costing principles.
• C) Lack of consistency.
• D) Misstatement of accounting principles.

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Definitions:

Tax Benefits

Financial advantages granted by taxing authorities, reducing the tax liability for individuals or businesses, often used to promote certain behaviors or investments.

Demonstrable Tasks

Tasks that can be easily shown, proven, or validated through practical demonstration or evidence.

Decision Fatigue

A psychological state where a person's ability to make decisions deteriorates due to the mental exhaustion from making numerous decisions.

Behavioral Consequence

refers to the result or outcome that follows a specific behavior, influencing future behavior through reinforcement or punishment.