When there is a change in accounting principle, the auditor should evaluate whether all of the following
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When there is a change in accounting principle, the auditor should evaluate whether all of the following criteria have been met, except for whether? The change has been authorized by those charged with governance. The method of accounting for the effect of the change conforms to GAAP. The disclosures related to the change are adequate. Management has justified that the alternative accounting principle selected is preferable to the previously used accounting principle.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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