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carlvh37 carlvh37
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A year ago
A company has changed its method of inventory valuation from an unacceptable one to one in conformity with generally accepted accounting principles. The auditor's report on the financial statements of the year of the change should include

▸ no reference to consistency.

▸ a reference to a prior period adjustment in the opinion paragraph.

▸ an explanatory paragraph that justifies the change and explains the impact of the change on reported net income.

▸ an explanatory paragraph explaining the change.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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kamarie3kamarie3
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A year ago
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carlvh37 Author
wrote...

A year ago
Smart ... Thanks!
rudy.zondo
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Yesterday
Thanks
asd454512
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2 hours ago
Thank you, thank you, thank you!
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