Question: Where should the auditor document a material accounting change that has no effect on the current audit, but will materially affect future audits? Question 8
Where should the auditor document a material accounting change that has no effect on the current audit, but will materially affect future audits?
Question options:
Disclosure in the notes of the current year
Disclosure in the notes on future years
Noted as a paragraph in the audit report
Noted as a subsequent event
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
