The FASB requires the use of the retrospective adjustment method because it provides financial statement users with more useful information when accounting for a change in accounting principles.

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The FASB (Financial Accounting Standards Board) generally requires the use of the retrospective adjustment method for a change in accounting principle because it allows past financial statements to be presented as if the new accounting principle had always been used, thus providing more comparable and useful information to users of financial statements.

The FASB Requires the Use of the Retrospective Adjustment Method