Which of the following will result in emphasis-of-matter as to consistency in a nonpublic company auditor's report,regardless of whether the item is fully disclosed in the financial statements?
A)A change in accounting estimate.
B)A change from an unacceptable accounting principle to a generally accepted one.
C)Correction of an immaterial error not involving a change in accounting principle.
D)A change in classification.

Question

Quizplus · Accepted Answer

A change from an unacceptable accounting principle to a generally accepted one will result in emphasis-of-matter as to consistency in a nonpublic company auditor's report, regardless of whether the item is fully disclosed in the financial statements.

Which of the Following Will Result in Emphasis-Of-Matter as to Consistency