Question: Assuming the policy change is considered material, how should it be reported and disclosed in the 2014 financial statements and what would be the effect,

Assuming the policy change is considered material, how should it be reported and disclosed in the 2014 and what would be the effect, if any, of the accounting change on the auditor's report?

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Based on ASC 250 it appears there are 3 possible ways to account for the policy change a change in accounting principle a change in accounting estimate or a change in accounting error The best argumen... View full answer

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