In Canada,when there has been a change in accounting principles and the effect of the change has been properly disclosed,the auditor should ________.
A)refer to the change in an explanatory paragraph
B)explicitly concur that the change is preferred
C)issue an unqualified opinion
D)refer to the change in the opinion paragraph

Question

Quizplus · Accepted Answer

When there has been a change in accounting principles in Canada and the effect of the change has been properly disclosed, the auditor should issue an unqualified opinion. This means that the financial statements are fairly presented in accordance with generally accepted accounting principles, even with the change in accounting principles. The other options (A, B, and D) do not accurately reflect the auditor's responsibilities in this situation.

In Canada,when There Has Been a Change in Accounting Principles