When there has been a change in accounting principle that materially affects the comparability of the comparative financial statements presented and the auditor concurs with the change, the auditor should:

Question

Quizplus · Accepted Answer

Choice "A" is correct. No - No - Yes. When a change in accounting principle materially affects the comparability of the comparative FS, the auditor should refer to the change in an explanatory paragraph following the unqualified opinion paragraph. Choices "B" and "C" are incorrect. The auditor's concurrence with a change in GAAP is implicit, not explicit. Choice "D" is incorrect. An unqualified opinion should be issued, not an "except for" qualified opinion.

When There Has Been a Change in Accounting Principle That