In Canada,when There Has Been a Change in Accounting Principles

question 37

Multiple Choice

In Canada,when there has been a change in accounting principles and the effect of the change has been properly disclosed,the auditor should ________.

• A)refer to the change in an explanatory paragraph
• B)explicitly concur that the change is preferred
• C)issue an unqualified opinion
• D)refer to the change in the opinion paragraph

---

Definitions:

Exercise Price

The cost at which an option's holder may purchase (for a call option) or sell (for a put option) the base asset.

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specific amount of an underlying asset at a set price within a specified time.

Stock Split

An action by a company to divide its existing stock into multiple shares to boost the liquidity of the shares, although the overall value of the shares remains the same.

Dow Jones

Dow Jones refers to the Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.