Which of the Following Circumstances Should Be Recognized as a Consistency

question 39

Multiple Choice

Which of the following circumstances should be recognized as a consistency modification in the auditor's report,whether or not the item is fully disclosed in the financial statements?

• A) A change in accounting estimate.
• B) A change from an unacceptable accounting principle to a generally accepted one.
• C) Correction of an error not involving a change in accounting principle.
• D) A change in classification.

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Definitions:

Allen

An organic molecule featuring a carbon atom bonded to two adjacent carbon atoms, each having a double bond, creating a C=C=C structure.

Vildagliptin

A medication used to treat type 2 diabetes by increasing the amount of insulin released by the pancreas.

Antidiabetic Drug

A medication used to treat diabetes by controlling blood sugar levels, either by enhancing insulin secretion, action, or improving carbohydrate metabolism.

Elements Of Unsaturation

A count of the number of pi bonds and rings in a molecule, indicative of the molecule's degree of unsaturation.