When There Has Been a Change in Accounting Principles,but the Effect

question 82

Multiple Choice

When there has been a change in accounting principles,but the effect of the change on the comparability of the financial statements is not material,the auditors should

• A)Refer to the change in an emphasis-of-matter paragraph.
• B)Explicitly concur that the change is preferred.
• C)Not refer to consistency in the report.
• D)Refer to the change in the opinion paragraph.

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Definitions:

Feeling State

The emotional condition or mood of an individual at a particular moment in time.

Automatic Response

An involuntary or reflex action that occurs in response to a stimulus without conscious thought.

Evaluative Reaction

Judgements or feelings about the value or worth of something, based on a rapid assessment.

Affects

The experience of feeling or emotion.