Let's start with changes in accounting principles. There are three possible approaches for reporting these changes. Describe those approaches. Many companies have changes in accounting principles. Find a company that had a change in an accounting principle recently. One way to facilitate this process is to review the Report of the Independent Registered Public Accounting Firm for a corporation because a company is required to disclose any material changes in accounting principles there. Briefly summarize anything you found interesting about this company's accounting change(s).