Question: QUESTION 7 An entity changed from the straight-line method to the declining balance of depreciation for all newly acquired assets. This change has no material

QUESTION 7 An entity changed from the straight-line method to the declining balance of depreciation for all newly acquired assets. This change has no material effect on the current year's financial statements but is reasonably certain to have a substantial effect in later years. If the change is disclosed in the notes to the financial statements, the auditor should issue a report with and) qualified opinion. unqualified opinion with explanatory paragraph. unqualified opinion. More than one choice is correct qualified opinion with explanatory paragraph regarding consistency

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