Changes in errors are required to be applied:
A)prospectively
B)retrospectively
C)prospectively unless such application is impracticable
D)retrospectively unless such application is impracticable

Question

Quizplus · Accepted Answer

Changes in errors are generally required to be applied retrospectively unless it is impracticable to determine the period-specific effects or the cumulative effect of the error. In such cases, the change is applied prospectively.

Changes in Errors Are Required to Be Applied